SpaceX’s (SPCX) Buy Rating Reiterated at Sanford C. Bernstein

Sanford C. Bernstein restated their buy rating on shares of SpaceX (NASDAQ:SPCX) in a research note issued to investors on Monday morning, Marketbeat Ratings reports.

SPCX has been the topic of several other research reports. CLSA assumed coverage on shares of SpaceX in a report on Monday. They set an “outperform” rating and a $250.00 target price on the stock. Canaccord Genuity Group began coverage on SpaceX in a research report on Tuesday, July 7th. They issued a “buy” rating and a $246.00 price objective on the stock. Moffett Nathanson boosted their price objective on SpaceX from $131.00 to $142.00 and gave the stock a “neutral” rating in a research note on Monday, September 14th. Citigroup downgraded SpaceX from a “buy” rating to a “sell” rating in a research report on Friday, August 7th. Finally, UBS Group reiterated a “buy” rating and issued a $75.00 target price (down from $210.00) on shares of SpaceX in a research note on Monday, August 17th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, seven have given a Hold rating and seven have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $218.68.

SpaceX Stock Performance

NASDAQ SPCX opened at $150.86 on Monday. SpaceX has a one year low of $104.83 and a one year high of $225.64. The firm has a 50 day simple moving average of $138.15. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.12 and a quick ratio of 4.99. The stock has a market capitalization of $1.99 trillion and a price-to-earnings ratio of -1,676.22.

SpaceX (NASDAQ:SPCX) last released its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.17. The business had revenue of $7.81 billion for the quarter. The firm’s quarterly revenue was up 91.9% compared to the same quarter last year. Sell-side analysts forecast that SpaceX will post -0.15 EPS for the current fiscal year.

Insider Transactions at SpaceX

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the business’s stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $153.57, for a total value of $52,547,046.90. Following the transaction, the chief operating officer owned 2,472,035 shares in the company, valued at $379,630,414.95. The trade was a 12.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Institutional Trading of SpaceX

Several large investors have recently modified their holdings of SPCX. Syntax Research Inc. acquired a new position in shares of SpaceX in the second quarter worth about $26,000. Atwood & Palmer Inc. purchased a new position in SpaceX in the second quarter valued at about $29,000. PayPay Securities Corp acquired a new stake in SpaceX during the 2nd quarter valued at approximately $30,000. Marquette Asset Management LLC purchased a new stake in SpaceX during the 2nd quarter worth approximately $32,000. Finally, Community Bank N.A. purchased a new stake in SpaceX during the 2nd quarter worth approximately $38,000.

Key Stories Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Starship reached orbit for the first time, deployed 26 Starlink satellites and completed a controlled splashdown. The milestone supports SpaceX’s plans to expand Starlink capacity and eventually achieve a higher launch cadence. Starship reached orbit but returned early
• Positive Sentiment: Analyst support strengthened. TD Cowen upgraded SpaceX to “strong buy,” while other analysts reiterated bullish ratings and targets ranging from $200 to $250. Citi also said Starship’s progress improves the case for substantial long-term valuation upside. SpaceX stock rises on bullish rating
• Positive Sentiment: AI computing is emerging as a major growth driver. Reports said Anthropic could commit up to $84.5 billion for computing capacity through 2029, while SpaceX is expanding data-center capacity and increasing its Nvidia GPU deployment. UBS expects AI, Starlink and launch services to drive a potential quarterly revenue beat. UBS raises SpaceX revenue forecast
• Neutral Sentiment: SpaceX has additional Falcon 9 launch activity scheduled, including a West Coast rideshare mission carrying approximately 130 payloads. These missions reinforce launch reliability but are unlikely to materially change the investment thesis alone. SpaceX plans rideshare mission
• Negative Sentiment: Starship’s orbital success was incomplete. Engine problems forced an early return, highlighting the remaining technical and reusability risks that could delay commercial deployment and NASA-related objectives.
• Negative Sentiment: Valuation and trading risks remain elevated. Critics argue SpaceX’s roughly $2 trillion valuation already discounts substantial future AI and satellite growth, while rising short volume signals continued skepticism.
• Negative Sentiment: An SEC fraud case involving funds that held SpaceX stakes could create indirect reputational concerns for private-market SpaceX investing, although the allegations do not target SpaceX’s operating business. SEC charges firm over SpaceX-related funds

SpaceX Company Profile

Space Exploration Technologies Corp. (SpaceX) is a privately held aerospace company founded in 2002 by Elon Musk. The company develops and operates launch vehicles, spacecraft and satellite systems designed to reduce the cost of access to space and support commercial, government and scientific missions.

SpaceX’s primary products and services include the Falcon 9 and Falcon Heavy launch vehicles, the Dragon spacecraft and the Starlink satellite internet network. The company also is developing Starship, a fully reusable launch and spacecraft system intended for missions to Earth orbit, the Moon and Mars.