Analysts Set SpaceX (NASDAQ:SPCX) Target Price at $220.20

Shares of SpaceX (NASDAQ:SPCX) have earned a consensus recommendation of “Moderate Buy” from the forty-two ratings firms that are presently covering the company, Marketbeat Ratings reports. Seven analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $221.20.

Several equities research analysts have recently issued reports on SPCX shares. UBS Group reiterated a “buy” rating and set a $75.00 price objective (down from $210.00) on shares of SpaceX in a research report on Monday, August 17th. Barclays raised shares of SpaceX from an “underweight” rating to an “overweight” rating in a research note on Monday, June 22nd. Raymond James Financial downgraded shares of SpaceX from a “strong-buy” rating to a “strong sell” rating in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of SpaceX in a research note on Tuesday, July 7th. They issued a “buy” rating and a $255.00 price target on the stock. Finally, Wedbush initiated coverage on SpaceX in a research report on Tuesday, June 30th. They set an “outperform” rating and a $190.00 price objective for the company.

SpaceX Stock Performance

NASDAQ:SPCX opened at $147.95 on Monday. The stock’s 50-day simple moving average is $136.15. The stock has a market capitalization of $1.93 trillion and a PE ratio of -1,643.89. SpaceX has a 12-month low of $104.83 and a 12-month high of $225.64. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.12 and a quick ratio of 4.99.

SpaceX (NASDAQ:SPCX) last posted its quarterly earnings results on Tuesday, August 4th. The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.17. The business had revenue of $7.81 billion during the quarter. The business’s revenue was up 91.9% compared to the same quarter last year. On average, research analysts predict that SpaceX will post -0.15 earnings per share for the current fiscal year.

Institutional Trading of SpaceX

A number of large investors have recently added to or reduced their stakes in SPCX. Wedbush Securities Inc. bought a new stake in SpaceX during the second quarter worth approximately $5,094,000. Hyperion Asset Management Ltd bought a new stake in shares of SpaceX in the 2nd quarter valued at approximately $201,137,000. Assenagon Asset Management S.A. purchased a new position in shares of SpaceX in the 2nd quarter worth approximately $2,502,000. Rik Saylor Financial Inc. purchased a new position in shares of SpaceX in the 2nd quarter worth approximately $1,670,000. Finally, Sage Capital Advisors llc bought a new position in shares of SpaceX during the 2nd quarter valued at approximately $3,254,000.

Key Headlines Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Investor optimism remains high ahead of a planned Labor Day weekend Falcon 9 launch from Vandenberg. A successful mission would reinforce SpaceX’s launch reliability and market leadership. SpaceX Labor Day weekend rocket launch
• Positive Sentiment: Recent earnings continue to provide a fundamental underpinning: revenue rose roughly 92% year over year to $7.8 billion, while Starlink subscriber growth, connectivity demand and expanding AI-compute revenue fueled bullish views. Some analysts believe SpaceX’s AI infrastructure could become a major long-term growth engine. SpaceX market capitalization and growth outlook
• Positive Sentiment: A reported $10 million bullish options position betting on a recovery toward $175, along with bullish analyst targets, signals continued institutional and speculative interest in SPCX. SpaceX bullish options bet
• Neutral Sentiment: Starship Test 14 is approaching, reportedly with a potential launch window in mid-September. The event could be a meaningful catalyst, but investors are also focused on the risk of delays or another unsuccessful test. SpaceX Starship Test 14
• Negative Sentiment: The Sept. 9 share unlock is the most immediate overhang. Newly eligible insider and early-investor shares could increase supply and create selling pressure after the recent rally. SpaceX share unlock
• Negative Sentiment: Valuation and capital intensity remain significant risks. SpaceX reportedly spent $18.4 billion in one quarter, including $15.8 billion on AI, while remaining GAAP-loss-making. Critics argue that much of the company’s future success is already reflected in its multitrillion-dollar valuation. SpaceX valuation and capital spending analysis

SpaceX Company Profile

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.