SpaceX (NASDAQ:SPCX) Stock Has Average Target Price of $218.28 According to Brokerages

Key Points

• Analysts maintain a “Moderate Buy” consensus on SpaceX, with 26 buy, two strong-buy, eight hold and seven sell ratings. The average 12-month price target is $218.28 versus a recent price of $148.03.
• SpaceX reported quarterly revenue of $7.81 billion, up 91.9% year over year, and an adjusted loss of $0.09 per share that beat analyst expectations. However, the company remains unprofitable and trades at a valuation near $2 trillion.
• Potential catalysts include Google’s selection of SpaceX for an orbital AI-chip test and the upcoming Starship Flight 14, while risks include a large share lockup expiration and COO Gwynne Shotwell’s $52.5 million stock sale under a pre-arranged trading plan.

SpaceX (NASDAQ:SPCX - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the forty-three ratings firms that are currently covering the stock, Marketbeat Ratings reports. Seven research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-six have issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $218.28.

A number of brokerages recently commented on SPCX. Phillip Securities raised shares of SpaceX to a "strong sell" rating and set a $75.00 price objective on the stock in a research report on Friday, July 31st. Evercore assumed coverage on shares of SpaceX in a research report on Tuesday, July 14th. They issued an "outperform" rating and a $230.00 target price for the company. William Blair restated an "outperform" rating on shares of SpaceX in a report on Friday, September 11th. DZ Bank initiated coverage on shares of SpaceX in a research note on Friday, August 21st. They issued a "sell" rating and a $100.00 price target on the stock. Finally, Guggenheim initiated coverage on SpaceX in a research report on Friday, August 7th. They set a "buy" rating for the company.

SpaceX Trading Down 0.2%

NASDAQ:SPCX opened at $148.03 on Friday. The company's fifty day simple moving average is $135.91. The firm has a market capitalization of $1.94 trillion and a price-to-earnings ratio of -1,644.78. The company has a quick ratio of 4.99, a current ratio of 5.12 and a debt-to-equity ratio of 0.29. SpaceX has a 1-year low of $104.83 and a 1-year high of $225.64.

SpaceX (NASDAQ:SPCX - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.17. The business had revenue of $7.81 billion for the quarter. The business's revenue was up 91.9% on a year-over-year basis. Equities analysts forecast that SpaceX will post -0.15 earnings per share for the current year.

More SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Google selected SpaceX to launch the first Project Suncatcher satellite on the Transporter-18 rideshare mission. The October 1 test of AI chips in orbit could support SpaceX’s positioning in the emerging space-based data-center market and deepen its relationship with Alphabet and Nvidia. Google Project Suncatcher article
• Positive Sentiment: Elon Musk said SpaceX could develop an AI model approaching GPT-6-level capabilities within several months and potentially reach a leading position within six months. The comments are boosting the company’s AI narrative, although they remain forward-looking and unverified. Musk SpaceX AI article
• Positive Sentiment: Upcoming Starship Flight 14 is renewing attention on SpaceX’s reusable-rocket ambitions. The prior Flight 13 successfully deployed Starlink satellites, but that milestone did not prevent the stock’s subsequent decline. Starship Flight 14 article
• Neutral Sentiment: Analysts remain broadly constructive, with reported price targets well above the current quotation, but SpaceX trades near a roughly $2 trillion valuation while still reporting losses. This leaves the stock highly sensitive to execution and growth expectations. SPCX price prediction article
• Negative Sentiment: COO Gwynne Shotwell sold 342,170 shares for approximately $52.5 million, reducing her direct holdings by 12.16%. The transaction was made under a pre-arranged Rule 10b5-1 plan, but it adds to investor concerns about insider selling. SEC insider sale filing
• Negative Sentiment: Up to approximately 328.4 million shares became eligible for trading after lockup restrictions expired, creating a substantial potential supply overhang that has recently weighed on SPCX.

Insider Activity

In related news, COO Gwynne Shotwell sold 342,170 shares of the business's 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 owned 2,472,035 shares of the company's stock, valued at approximately $379,630,414.95. The trade was a 12.16% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Institutional Trading of SpaceX

Large investors have recently modified their holdings of the company. Wedbush Securities Inc. acquired a new stake in SpaceX during the 2nd quarter valued at approximately $5,094,000. Hyperion Asset Management Ltd acquired a new position in shares of SpaceX during the second quarter valued at about $201,137,000. K5 Global Advisor LLC bought a new position in shares of SpaceX in the second quarter valued at approximately $6,587,531,000. Rik Saylor Financial Inc. bought a new stake in shares of SpaceX in the 2nd quarter worth $1,670,000. Finally, Turner Financial Group Inc. purchased a new stake in shares of SpaceX during the second quarter valued at approximately $1,228,000.

About SpaceX

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, serving commercial, government and scientific customers.

SpaceX's principal products include the Falcon 9 and Falcon Heavy rockets, which are used to launch satellites, spacecraft and other payloads into orbit. The company also develops the Dragon spacecraft, which supports cargo and crew missions to low Earth orbit, including missions for NASA and other customers.

Through its Starlink business, SpaceX operates a large constellation of low Earth orbit satellites that provides broadband internet service to customers in numerous countries and regions.

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