SpaceX (NASDAQ:SPCX) Stock Gets Price Target Increase from Susquehanna

SpaceX (NASDAQ:SPCX) had its target price upped by equities researchers at Susquehanna from $144.00 to $173.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Susquehanna’s price target would indicate a potential upside of 0.63% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $235.00 target price on shares of SpaceX in a research report on Monday, September 28th. Weiss Ratings assumed coverage on shares of SpaceX in a report on Tuesday, September 1st. They set a “sell (d)” rating on the stock. Needham & Company LLC reiterated a “buy” rating on shares of SpaceX in a research note on Wednesday, September 30th. Wells Fargo & Company dropped their price target on shares of SpaceX from $215.00 to $212.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 8th. Finally, Canaccord Genuity Group initiated coverage on shares of SpaceX in a report on Tuesday, July 7th. They set a “buy” rating and a $246.00 price target on the stock. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have issued a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $218.76.

SpaceX Price Performance

NASDAQ:SPCX opened at $171.92 on Wednesday. The company has a current ratio of 5.12, a quick ratio of 4.99 and a debt-to-equity ratio of 0.29. SpaceX has a one year low of $104.83 and a one year high of $225.64. The company has a market capitalization of $2.27 trillion and a P/E ratio of -1,910.22. The stock’s 50-day simple moving average is $141.88.

SpaceX (NASDAQ:SPCX) last announced its quarterly earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.17. The business had revenue of $7.81 billion during the quarter. The company’s revenue was up 91.9% on a year-over-year basis. On average, equities research analysts expect that SpaceX will post 0.09 earnings per share for the current fiscal year.

Insider Activity at SpaceX

In related news, COO Gwynne Shotwell sold 342,170 shares of the stock in a transaction dated Tuesday, September 22nd. The shares were sold at an average price of $153.57, for a total transaction of $52,547,046.90. Following the completion of the transaction, the chief operating officer owned 2,472,035 shares in the company, valued at approximately $379,630,414.95. This represents a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Hedge Funds Weigh In On SpaceX

Several institutional investors have recently bought and sold shares of SPCX. Wedbush Securities Inc. bought a new stake in shares of SpaceX in the second quarter valued at $5,094,000. Hyperion Asset Management Ltd purchased a new stake in SpaceX in the 2nd quarter worth about $201,137,000. K5 Global Advisor LLC bought a new position in SpaceX during the second quarter worth about $6,587,531,000. Turner Financial Group Inc. purchased a new position in shares of SpaceX in the second quarter worth about $1,228,000. Finally, Rik Saylor Financial Inc. purchased a new position in shares of SpaceX in the second quarter worth about $1,670,000.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX is reportedly seeking regulatory changes that would streamline rocket licensing and help the United States reach as many as 1,000 launches annually by 2030. Faster approvals could support higher launch volume and revenue growth while retaining safety reviews. FAA Moves to Fast-Track Launches
• Positive Sentiment: Investors are encouraged by SpaceX’s reported plans to buy Nvidia chips and build AI computing capacity, potentially creating a large new revenue stream from renting orbital or ground-based compute. Jim Cramer estimated the opportunity could eventually generate several billion dollars in monthly revenue, although that forecast is speculative. SpaceX AI Compute Opportunity
• Positive Sentiment: Recent operating milestones continue to strengthen the growth narrative: Starship Flight 14 reached low Earth orbit and deployed Starlink satellites, while Crew-13 reportedly set a NASA speed record reaching the International Space Station. Starlink also surpassed 12 million subscribers, supporting recurring connectivity revenue.
• Positive Sentiment: Morgan Stanley reiterated a $300 price target and an overweight view, arguing that SpaceX looks inexpensive relative to its expected growth, particularly its AI-compute potential. The bullish research helped drive renewed investor interest. Morgan Stanley SpaceX View

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.