Space Exploration Technologies (NASDAQ:SPCX) stock has plunged to a record low as its post-IPO rally lost momentum.
The stock ended the week at $145, down 35% from its highest level this year, while its market capitalization has fallen from a record $2.68 trillion to $1.93 trillion.
Still, analysts believe the stock has more upside over time.
Analysts are Optimistic About SpaceX Stock Most Wall Street analysts tracking SpaceX have a favorable rating on its shares.
Benzinga data shows that the consensus target for the stock is $237, up by 65% from the current level.
