Wells Fargo & Company Cuts SpaceX (NASDAQ:SPCX) Price Target to $212.00

Key Points

• Wells Fargo lowered its SpaceX price target from $215 to $212 while maintaining an “overweight” rating, implying 43.29% upside from the previous close.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and average target of $221.06; targets from other firms range from $205 to $255.
• SpaceX reported strong operating growth, including $7.81 billion in quarterly revenue, up 91.9% year over year, and an adjusted loss of $0.09 per share that beat estimates. However, its extremely high valuation, expected full-year loss and potential share unlocks remain risks.

SpaceX (NASDAQ:SPCX - Get Free Report) had its price objective reduced by equities researchers at Wells Fargo & Company from $215.00 to $212.00 in a report released on Tuesday, Benzinga reports. The firm presently has an "overweight" rating on the stock. Wells Fargo & Company's target price would indicate a potential upside of 43.29% from the stock's previous close.

A number of other equities research analysts also recently weighed in on SPCX. Pivotal Research set a $220.00 target price on SpaceX in a research report on Tuesday. Zacks Research upgraded SpaceX to a "hold" rating in a research report on Monday, June 15th. KGI Securities cut SpaceX from an "outperform" rating to a "hold" rating in a report on Monday, June 22nd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of SpaceX in a research report on Tuesday, July 7th. They set a "buy" rating and a $255.00 target price on the stock. Finally, The Goldman Sachs Group began coverage on shares of SpaceX in a research report on Tuesday, July 7th. They set a "buy" rating and a $205.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have issued a Hold rating and seven have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $221.06.

SpaceX Stock Performance

Shares of NASDAQ SPCX opened at $147.95 on Tuesday. SpaceX has a 1-year low of $104.83 and a 1-year high of $225.64. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.99 and a current ratio of 5.12. The business has a 50-day moving average of $135.83. The company has a market capitalization of $1.93 trillion and a P/E ratio of -1,643.89.

SpaceX (NASDAQ:SPCX - Get Free Report) last posted 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 company had revenue of $7.81 billion during the quarter. SpaceX's revenue was up 91.9% on a year-over-year basis. As a group, equities research analysts forecast that SpaceX will post -0.15 earnings per share for the current year.

Institutional Investors Weigh In On SpaceX

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Syntax Research Inc. bought a new position in SpaceX during the second quarter worth about $26,000. Atwood & Palmer Inc. bought a new stake in shares of SpaceX in the 2nd quarter valued at about $29,000. PayPay Securities Corp bought a new stake in shares of SpaceX in the 2nd quarter valued at about $30,000. Marquette Asset Management LLC acquired a new stake in shares of SpaceX in the 2nd quarter valued at approximately $32,000. Finally, POM Investment Strategies LLC bought a new position in SpaceX during the 2nd quarter worth approximately $39,000.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Pivotal Research began coverage with a Buy rating and a $220 target, citing Starship’s potential for reusability and substantially higher launch capacity. Why SpaceX Stock Is Rising Today and What Wall Street Expects Next
• Positive Sentiment: SpaceX completed its 80th Starlink mission of 2026, while another Falcon 9 launch deployed 27 satellites and successfully landed its booster. Continued launch cadence supports Starlink revenue growth and operating efficiency. SpaceX launches 80th Starlink mission
• Positive Sentiment: The company’s latest quarterly results showed revenue of $7.81 billion, up 91.9% year over year, and an EPS loss of $0.09 that was better than analysts’ expected $0.26 loss. Analysts cited in recent coverage generally see substantial upside, with median targets near $216. SpaceX stock analysis and analyst targets
• Neutral Sentiment: SpaceX is preparing Starship’s 14th test flight. A successful flight could validate the company’s next growth phase, but testing remains an execution risk. SpaceX lines up Starship’s 14th test flight
• Negative Sentiment: Near-term supply concerns remain significant: a September 9 lock-up expiration and a later September 24 share unlock could increase selling pressure. Reports also point to 319 million additional shares coming to market. SpaceX lock-up expiration
• Negative Sentiment: Despite the rebound, SPCX remains about 34% below its $225.64 high, trades at an extremely elevated valuation, and is still expected to post a full-year loss. Isar Aerospace’s successful orbital launch also highlights increasing competition in the launch market. SpaceX rival launches rocket in historic first

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.

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