Pivotal Research analyst Jeffrey Wlodarczak initiated coverage of SpaceX shares with a price target of two hundred twenty dollars and a “Buy” rating. According to the expert, current market levels are significantly undervalued, and the company’s stock has upside potential of up to forty-five percent over a twelve-month horizon.

Wlodarczak noted that the core catalyst driving long-term value is the Starship program, which grants the company a structural monopoly in commercial space transport. SpaceX’s annual revenue is projected to grow from forty-six point six billion dollars this year to one hundred eighteen point two billion dollars by twenty twenty-seven, driven by the expansion of Starlink services.

At the time of publication, Wall Street analysts’ consensus on Elon Musk’s space infrastructure company corresponds to a “Moderate Buy” rating, with top price targets reaching as high as eight hundred dollars per share.