SpaceX (NASDAQ:SPCX) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Analysts give SpaceX a “Moderate Buy” consensus: Of 41 brokerages, 27 rate the stock buy or strong buy, while 14 recommend holding or selling. The average 12-month price target is $220.20.
• SpaceX reported quarterly revenue of $7.81 billion, up 91.9% year over year, and loss per share of $0.09, beating the consensus estimate of a $0.26 loss.
• Despite strong growth and institutional buying, risks include SpaceX’s roughly $1.85 trillion valuation, potential share-unlock selling pressure, growing rocket competition, orbital-debris concerns and an AI-model access dispute involving its Cursor acquisition.

Shares of SpaceX (NASDAQ:SPCX - Get Free Report) have received an average rating of "Moderate Buy" from the forty-one brokerages that are currently covering the company, Marketbeat reports. Six research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation, twenty-five have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $220.20.

SPCX has been the subject of a number of research analyst reports. Argus raised shares of SpaceX from a "hold" rating to a "buy" rating and set a $160.00 price target for the company in a research note on Friday, August 7th. New Street Research raised shares of SpaceX to a "strong-buy" rating in a report on Thursday, June 11th. Benchmark initiated coverage on shares of SpaceX in a report on Monday, June 22nd. They set a "buy" rating for the company. Barclays raised SpaceX from an "underweight" rating to an "overweight" rating in a research report on Monday, June 22nd. Finally, Royal Bank Of Canada downgraded shares of SpaceX from an "outperform" rating to a "hold" rating in a research report on Friday, August 7th.

Institutional Trading of SpaceX

Several institutional investors have recently bought and sold shares of SPCX. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of SpaceX in the 2nd quarter valued at $566,000. Burkett Financial Services LLC bought a new position in SpaceX during the 2nd quarter valued at about $70,000. Dogwood Wealth Management LLC bought a new position in SpaceX during the 2nd quarter valued at about $139,000. Dynamic Advisor Solutions LLC acquired a new position in SpaceX in the second quarter valued at about $3,383,000. Finally, Apella Capital LLC bought a new stake in SpaceX during the second quarter worth about $452,000.

SpaceX News Roundup

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX’s quarterly results exceeded expectations, with earnings of $(0.09) per share versus the $(0.26) consensus estimate and revenue of $7.81 billion, up 91.9% year over year. Coverage identified Starlink as the company’s principal financial engine. Cathie Wood's Ark Bought $27 Million of SpaceX Stock
• Positive Sentiment: Cathie Wood’s Ark reportedly bought approximately $27 million of SpaceX stock, reinforcing bullish institutional sentiment. Morgan Stanley also sees substantial upside, while the average analyst target cited in recent coverage is about $218. David Einhorn Says SpaceX Could Mark a Speculative Top
• Positive Sentiment: Elon Musk projects SpaceX could reach $3.5 trillion in annual revenue by 2033, supported by Starlink, AI infrastructure and future orbital-computing services. The company is also manufacturing turbine components internally to accelerate power generation for AI data centers. Elon Musk Says SpaceX Can Accelerate Natural Gas Turbines
• Positive Sentiment: SpaceX successfully launched NASA’s $4.3 billion Nancy Grace Roman Space Telescope on a Falcon Heavy, providing another demonstration of launch reliability and strengthening its government-contract credentials. SpaceX Launches NASA's Roman Telescope
• Neutral Sentiment: Investors are watching September 9 for a potentially important SpaceX milestone, although reports characterize the event and its investment significance as uncertain. September 9 May Be a Huge Day for SpaceX
• Negative Sentiment: Some analysts warn that the company’s roughly $1.75 trillion IPO valuation may represent a speculative peak. The stock’s extreme valuation leaves little room for delays or weaker capital efficiency, while a potential share unlock could add selling pressure. SpaceX Valuation and Unlock Calendar
• Negative Sentiment: OpenAI plans to end access to its AI models for Cursor, which SpaceX acquired, citing compliance concerns. The dispute could complicate SpaceX’s AI strategy, although Musk dismissed the impact. OpenAI to End Model Access to Cursor
• Negative Sentiment: Competition is increasing as China and Blue Origin develop reusable rockets, while satellite congestion and orbital-debris concerns could raise regulatory and operating risks. SpaceX and Rivals Dodge Traffic in Low-Earth Orbit

SpaceX Price Performance

Shares of NASDAQ:SPCX opened at $141.50 on Monday. SpaceX has a fifty-two week low of $104.83 and a fifty-two week 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 company has a market cap of $1.85 trillion and a P/E ratio of -1,572.22. The firm has a 50-day moving average price of $137.10.

SpaceX (NASDAQ:SPCX - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.17. The business had revenue of $7.81 billion for the quarter. SpaceX's quarterly revenue was up 91.9% compared to the same quarter last year. As a group, equities analysts anticipate that SpaceX will post -0.15 EPS for the current year.

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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source