Space Exploration Technologies Corp. (NASDAQ:SPCX) entered its second day of trading on Monday with shares up roughly 6%, hovering above $170, the stock has already surpassed two of the three early analyst price targets. 

SPCX stock is moving. See the chart and price action here. 

SPCX Price Targets

When Wall Street’s first coverage notes dropped ahead of last Friday’s IPO, the targets on SpaceX stock ranged from $165 to $190. 

New Street Research analyst Pierre Ferragu set a $165 12-month target, representing 22% upside from the $135 offer price. 

Wolfe Research followed with a $175 target and an Outperform rating, built on 16x projected 2028 sales and 54x 2028 EBITDA. 

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Oppenheimer came in most aggressive, initiating at Outperform with a $190 target, implying nearly 41% upside from the IPO price. 

SPCX topped $176 intraday Friday, clearing both ...