SpaceX (NASDAQ:SPCX) Stock Has Consensus Price Target of $221.44 According to Brokerages

SpaceX (NASDAQ:SPCX) has received a consensus rating of “Moderate Buy” from the forty-six research firms that are presently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation, twenty-nine have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $221.44.

SPCX has been the topic of a number of analyst reports. Moffett Nathanson upped their price objective on shares of SpaceX from $131.00 to $142.00 and gave the company a “neutral” rating in a research note on Monday, September 14th. Citigroup downgraded shares of SpaceX from a “buy” rating to a “sell” rating in a research note on Friday, August 7th. TD Cowen restated a “buy” rating and issued a $200.00 target price on shares of SpaceX in a report on Friday, October 9th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of SpaceX in a research report on Tuesday, August 25th. Finally, Benchmark initiated coverage on SpaceX in a report on Monday, June 22nd. They set a “buy” rating for the company.

Insider Buying and Selling

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of SpaceX stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $153.57, for a total value of $52,547,046.90. Following the completion of the sale, the chief operating officer directly owned 2,472,035 shares in the company, valued at approximately $379,630,414.95. The trade was a 12.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Hedge Funds Weigh In On SpaceX

A number of institutional investors and hedge funds have recently made changes to their positions in SPCX. ICG Advisors LLC bought a new position in SpaceX in the third quarter worth approximately $6,262,000. Focused Alpha LLC increased its holdings in shares of SpaceX by 30.5% during the third quarter. Focused Alpha LLC now owns 1,585 shares of the company’s stock valued at $239,000 after acquiring an additional 370 shares in the last quarter. ARK & TLK Investments LLC acquired a new position in shares of SpaceX during the third quarter worth approximately $221,000. Parkway Wealth Management Group LLC acquired a new position in shares of SpaceX during the third quarter worth approximately $742,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of SpaceX by 16.8% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 63,308 shares of the company’s stock worth $9,551,000 after purchasing an additional 9,096 shares in the last quarter.

Key Stories Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Potential AI and Starlink growth: Investors want evidence that SpaceX’s AI-computing business, Starlink connectivity and space infrastructure can produce sustainable revenue. Analysts expect approximately $12.9 billion in third-quarter revenue and $0.14 in earnings per share. SpaceX earnings: AI revenue, financing needs and Tesla merger talks in focus
• Positive Sentiment: Musk’s proposed stock gift: Elon Musk said he plans to give one SpaceX share to every U.S. child in 2027, potentially distributing roughly $10 billion of his personal holdings. Because the proposed transfer involves Musk’s shares rather than a new company issuance, it may support public awareness without directly diluting SpaceX shareholders. Elon Musk says he’ll give one share to every child in America
• Neutral Sentiment: Merger speculation remains a catalyst: Investors are looking for updates on a possible Tesla-SpaceX combination, but the timing and structure remain uncertain. A merger could create strategic advantages by combining AI, autonomy, satellite and data assets, while also increasing execution and valuation risks. SpaceX, Tesla earnings to test Musk’s AI spending ambitions
• Negative Sentiment: High earnings and spending expectations: The market is watching AI revenue, cash flow, financing needs and 2027 capital-expenditure guidance. A revenue miss or sharply higher spending could renew concerns that the AI buildout is consuming too much capital. SpaceX earnings will be all about AI
• Negative Sentiment: Lockup expiration could add supply: More than one billion shares are expected to become eligible for sale after the earnings update, creating a possible overhang and increasing volatility. A massive SpaceX stock lockup expiration is coming

SpaceX Trading Up 1.3%

Shares of SPCX stock opened at $147.96 on Tuesday. The company has a 50-day moving average of $148.63. The company has a current ratio of 5.12, a quick ratio of 4.99 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $1.95 trillion and a PE ratio of -1,644.00. SpaceX has a 1-year low of $104.83 and a 1-year high of $225.64.

SpaceX (NASDAQ:SPCX) last announced its earnings results on Tuesday, August 4th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.17. The company had revenue of $7.81 billion during the quarter. The company’s revenue was up 91.9% compared to the same quarter last year. Sell-side analysts forecast that SpaceX will post 0.07 earnings per share for the current year.

SpaceX Company Profile

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

SpaceX’s principal products and services include the Falcon 9 and Falcon Heavy rockets, the Dragon spacecraft and the Starlink satellite communications network. Falcon rockets are used to launch satellites, cargo and crew, while Dragon spacecraft support transportation to and from low Earth orbit.