Wall Street analysts see roughly 51% upside for SpaceX shares but only about 5% for Apple, according to TipRanks data cited by The Motley Fool. Apple just replaced longtime CEO Tim Cook with John Ternus, while SpaceX's launch, satellite, and AI businesses depend on getting its Starship rocket into regular operation.
Wall Street analysts, on average, see far more room for SpaceX stock to run than for Apple's. The average price target for SpaceX sits near $228 per share, implying about 51% upside from levels as of Sept. 10, according to TipRanks. Apple's average target of nearly $336 implies just 5% upside from the same date.
Apple: analysts call the stock fully valued
Apple, which went public in 1980, now carries a market cap of nearly $4.7 trillion. The company recently replaced longtime CEO Tim Cook with John Ternus, the former senior vice president of hardware engineering.
Ternus takes over as Apple rolls out the Apple 18 Pro and the iPhone Duo, a foldable phone starting at $1,999. Apple stock is up roughly 18% this year, but analysts largely view it as close to fully valued.
Of 32 analysts who issued reports on Apple over the past three months, 16 rate it a buy, 12 recommend holding, and four assign a sell rating. Rosenblatt analyst Barton Crockett maintained a neutral rating this month with a $303 price target, and in a separate note said gross margins could be pressured because of higher memory costs.
SpaceX: bigger bet, bigger target
SpaceX, which focuses on rockets, broadband, and artificial intelligence, only went public in June. The IPO raised near $86 billion, and the company now has a market cap of over $2 trillion. In its registration statement, SpaceX claimed a $28.5 trillion total addressable market.
Of 35 analysts who issued reports on SpaceX over the past three months, 26 rate it a buy, six recommend holding, and three assign a sell rating. Oppenheimer analyst Timothy Horan maintained an outperform rating this month and raised his price target from $250 to $280 per share, citing SpaceX's acquisition of Cursor, an AI coding platform.
Much of SpaceX's growth still depends on getting Starship, its fully reusable, super-heavy-lift rocket, into regular operation. The rocket remains in testing, and the business stays capital-intensive, with the company run by Elon Musk, who has significant market sway.
Source: The Motley Fool
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