SpaceX (NASDAQ:SPCX) Stock Price Target Raised at Susquehanna

Key Points

• Susquehanna raised SpaceX’s price target to $173 from $144 but maintained a neutral rating, implying only 0.63% upside. Analysts overall rate the stock “Moderate Buy,” with a consensus target of $218.76.
• SpaceX reported quarterly revenue of $7.81 billion, up 91.9% year over year, and a loss of $0.09 per share that beat estimates by $0.17.
• COO Gwynne Shotwell sold 342,170 shares for approximately $52.5 million under a pre-arranged Rule 10b5-1 plan, reducing her stake by 12.16%.

SpaceX (NASDAQ:SPCX - Get Free Report) had its target price upped by analysts at Susquehanna from $144.00 to $173.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has a "neutral" rating on the stock. Susquehanna's target price suggests a potential upside of 0.63% from the stock's current price.

Other equities analysts also recently issued reports about the company. Wall Street Zen downgraded SpaceX from a "hold" rating to a "sell" rating in a research report on Saturday. Cfra assumed coverage on shares of SpaceX in a report on Friday, June 12th. They set a "sell" rating and a $115.00 price target for the company. CLSA assumed coverage on shares of SpaceX in a research note on Monday, September 28th. They issued an "outperform" rating and a $250.00 price objective on the stock. Oppenheimer increased their price objective on shares of SpaceX from $250.00 to $280.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 2nd. Finally, KGI Securities lowered shares of SpaceX from an "outperform" rating to a "hold" rating in a report on Monday, June 22nd. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have given a Hold rating and six have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $218.76.

SpaceX Stock Performance

SPCX stock opened at $171.92 on Wednesday. The company has a market capitalization of $2.27 trillion and a P/E ratio of -1,910.22. The company's fifty day simple moving average is $141.88. 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 has a 52-week low of $104.83 and a 52-week high of $225.64.

SpaceX (NASDAQ:SPCX - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) earnings per share for the quarter, topping 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. As a group, sell-side analysts forecast that SpaceX will post 0.09 earnings per share for the current fiscal year.

Insider Activity

In other news, COO Gwynne Shotwell sold 342,170 shares of the firm's stock in a transaction that occurred on 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 sale, the chief operating officer owned 2,472,035 shares of the company's stock, valued at $379,630,414.95. This trade represents a 12.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Institutional Investors Weigh In On SpaceX

Large investors have recently bought and sold shares of the stock. Syntax Research Inc. acquired a new position in shares of SpaceX during the second quarter valued at about $26,000. Atwood & Palmer Inc. bought a new stake in SpaceX in the 2nd quarter valued at about $29,000. PayPay Securities Corp acquired a new position in SpaceX during the 2nd quarter worth approximately $30,000. Hickory Point Bank & Trust acquired a new position in SpaceX during the 3rd quarter worth approximately $30,000. Finally, Marquette Asset Management LLC bought a new position in SpaceX in the second quarter worth approximately $32,000.

Key Stories Impacting 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.