SpaceX (NASDAQ:SPCX) Given Consensus Recommendation of “Moderate Buy” by Analysts

SpaceX (NASDAQ:SPCX) has earned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $161.25.

Several research analysts have recently commented on SPCX shares. KGI Securities assumed coverage on SpaceX in a research note on Thursday, June 11th. They issued an “outperform” rating on the stock. Oppenheimer set a $190.00 target price on SpaceX and gave the stock an “outperform” rating in a research report on Thursday, June 11th. Wolfe Research initiated coverage on SpaceX in a report on Friday. They set an “outperform” rating and a $175.00 price target for the company. Zacks Research upgraded SpaceX to a “hold” rating in a report on Monday. Finally, Cfra initiated coverage on SpaceX in a report on Friday, June 12th. They set a “sell” rating and a $115.00 price target on the stock.

SpaceX Stock Performance

NASDAQ SPCX opened at $201.80 on Wednesday. SpaceX has a 52 week low of $149.34 and a 52 week high of $225.64.

SpaceX (NASDAQ:SPCX) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($1.27) EPS for the quarter. The firm had revenue of $4.69 billion during the quarter.

Key Headlines Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX announced a $60 billion stock deal to acquire Cursor-maker Anysphere, boosting its AI strategy and giving investors another reason to bid up the newly public shares. SpaceX to acquire the AI coding startup Cursor for $60 billion
• Positive Sentiment: Options on SpaceX began trading with unusually heavy volume, signaling strong speculative demand and potential volatility-driven upside as traders rush into calls. Options on SpaceX shares start trading
• Positive Sentiment: Momentum remains strong after SpaceX’s historic IPO, with the stock continuing to attract inflows from retail traders, ETFs, and passive funds looking for exposure to the new mega-cap name. Overnight price spike sees SpaceX overtake Amazon as America’s fifth-largest company
• Neutral Sentiment: The company’s soaring valuation has also sparked a wave of commentary about whether SpaceX is becoming a meme-stock-style trade driven more by sentiment and derivatives than fundamentals. Technical factors are adding fuel to SpaceX’s meme stock fire
• Negative Sentiment: CFRA initiated a rare Sell rating, arguing SpaceX’s AI ambitions are being valued too aggressively and that the stock may be ahead of itself after the rapid post-IPO run. SpaceX’s First Wall Street Bear Just Placed A Sell Rating
• Negative Sentiment: Michael Burry said he is tempted to bet against SpaceX, highlighting growing skepticism about the company’s near-$3 trillion valuation. Michael Burry says he’s tempted to bet against SpaceX

About SpaceX

SpaceX, or Space Exploration Technologies Corp., is an American aerospace company focused on the design, manufacture and launch of advanced rockets and spacecraft. The company develops launch vehicles and space systems used for commercial, government and scientific missions, with a strong emphasis on lowering the cost of access to space through reusable rocket technology.

Founded in 2002 by Elon Musk, SpaceX has built a broad portfolio of products and services that includes the Falcon 9 and Falcon Heavy rockets, the Dragon spacecraft and the Starship development program.