After SpaceX's earnings report, Wall Street has widely raised its target price for the company.

BlockBeats news, October 21 - In after-hours trading yesterday, SpaceX released its second quarterly earnings report since going public, showing a 161% year-over-year increase in revenue and a turnaround to profitability.

Following this news, Wall Street institutions have raised their target prices for the company:

Morgan Stanley set a target price of $300 for SPCX and gave it an "Overweight" rating;

Wells Fargo raised its target price for SPCX from $214 to $274;

Citi raised its target price for SPCX from $200 to $240;

UBS raised its target price for SPCX from $210 to $230.