Raymond James Sets $800 Price Target for SpaceX

The firm anchors this outlook on the long-term potential of the Starship program and the rapid expansion of the Starlink satellite network. Beyond these operations, analysts see the company evolving into a foundational global infrastructure provider. This bullish stance aligns with recent moves from other major financial institutions, including Morgan Stanley, Goldman Sachs, and Citigroup, which have all issued positive ratings despite the stock's recent volatility following its Nasdaq-100 inclusion.

Institutional confidence is further bolstered by Cathie Wood’s Ark Invest, which recently acquired 153,084 shares valued at approximately $22.7 million. Simultaneously, SpaceX continues to push its operational boundaries, filing for FCC approval to deploy 100,000 third-generation Starlink satellites. While the company maintains a dominant launch pace—having deployed 1,589 satellites in the first half of 2026—some investors remain cautious. Skeptics suggest the current valuation already accounts for much of the anticipated growth, noting that the upcoming first public earnings report will be the definitive test for these lofty market expectations.