Apple Fully Valued, SpaceX Sees Strong Growth Potential

Two of the world's largest publicly traded companies, Apple and SpaceX, have garnered different reactions from Wall Street analysts. While Apple is seen as fully valued with limited upside potential, SpaceX is viewed as having significant growth prospects.

Apple, which went public in 1980 and boasts a market capitalization of nearly $4.7 trillion, has delivered strong performance this year, rising by approximately 18%. However, analysts currently believe the stock price has fully reflected its value. Among the 32 analysts who have issued research reports on Apple over the past three months, 16 have assigned a 'buy' rating, 12 recommend a 'hold,' and 4 have issued a 'sell' rating.

The average price target among all analysts stands at nearly $336 per share, implying only about a 5% upside from the September 10 closing level. Analyst Barton Crockett has maintained a neutral rating on Apple and set a price target of $303 per share, citing concerns that higher memory costs could put pressure on gross margins.

SpaceX, which specializes in building rockets, broadband services, and artificial intelligence (AI), went public in June and has already surpassed a $2 trillion market cap. The company's total addressable market (TAM) amounts to $28.5 trillion, according to its registration statement. Analysts generally view SpaceX as having substantial room for growth.

Among the 35 analysts who have published research reports on SpaceX over the past three months, 26 have assigned a 'buy' rating, 6 have recommended a 'hold,' and 3 have issued a 'sell' rating. The average price target stands at approximately $228 per share, implying about a 51% upside from the September 10 level.