SpaceX Stock Earnings Estimates Lifted by Erste Group Bank

Key Points

• Erste Group Bank raised its FY2027 EPS forecast for SpaceX to $2.03 from $1.72, while maintaining a “Hold” rating. MarketBeat analysts collectively rate the stock “Moderate Buy,” with a consensus target price of $244.19.
• SpaceX reported quarterly EPS of $0.35, beating the $0.10 consensus estimate, while revenue surged 161% year over year to approximately $14.57 billion. Despite the strong results, the company continued to report negative net margin and return on equity.
• Analyst price targets have generally increased, including Bank of America’s move to $275 and Citigroup’s to $240. However, investors still face risks from heavy cash burn, planned debt financing, launch-business losses and potential insider share sales.

SpaceX (NASDAQ:SPCX - Free Report) - Analysts at Erste Group Bank raised their FY2027 earnings per share estimates for shares of SpaceX in a research note issued to investors on Wednesday, October 21st. Erste Group Bank analyst S. Lingnau now expects that the company will post earnings per share of $2.03 for the year, up from their prior forecast of $1.72. Erste Group Bank currently has a "Hold" rating on the stock. The consensus estimate for SpaceX's current full-year earnings is $0.13 per share.

Several other research analysts also recently commented on SPCX. Susquehanna lifted their price target on SpaceX from $173.00 to $176.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 21st. CLSA started coverage on SpaceX in a report on Monday, September 28th. They set an "outperform" rating and a $250.00 price target for the company. Morgan Stanley reissued an "overweight" rating on shares of SpaceX in a research report on Wednesday. Citigroup raised their price objective on shares of SpaceX from $200.00 to $240.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, Bank of America boosted their target price on shares of SpaceX from $235.00 to $275.00 and gave the stock a "buy" rating in a research report on Thursday. Four equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, SpaceX presently has a consensus rating of "Moderate Buy" and a consensus target price of $244.19.

SpaceX Price Performance

Shares of SpaceX stock opened at $147.49 on Monday. The company has a market capitalization of $1.94 trillion and a PE ratio of -1,638.78. The company has a quick ratio of 3.00, a current ratio of 3.08 and a debt-to-equity ratio of 0.20. The stock's 50 day moving average is $149.40. SpaceX has a 12-month low of $104.83 and a 12-month high of $225.64.

SpaceX (NASDAQ:SPCX - Get Free Report) last issued its earnings results on Tuesday, October 20th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.25. The company had revenue of $14.57 billion during the quarter. SpaceX had a negative net margin of 8.61% and a negative return on equity of 3.24%. The company's quarterly revenue was up 161.4% on a year-over-year basis. During the same period last year, the business earned ($0.36) EPS.

Insider Transactions at SpaceX

In other 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 transaction, the chief operating officer directly owned 2,472,035 shares of the company's stock, valued at $379,630,414.95. The trade was a 12.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Institutional Trading of SpaceX

Hedge funds have recently modified their holdings of the stock. Viking Fund Management LLC bought a new stake in shares of SpaceX in the 3rd quarter valued at about $1,358,000. Diversify Advisory Services LLC raised its position in shares of SpaceX by 34.0% in the 3rd quarter. Diversify Advisory Services LLC now owns 48,477 shares of the company's stock valued at $7,205,000 after acquiring an additional 12,292 shares during the period. Wedbush Securities Inc. bought a new position in SpaceX during the 2nd quarter worth approximately $5,094,000. Avior Wealth Management LLC bought a new position in SpaceX during the 3rd quarter worth approximately $2,934,000. Finally, Apella Capital LLC boosted its stake in SpaceX by 218.2% during the 3rd quarter. Apella Capital LLC now owns 8,424 shares of the company's stock worth $1,412,000 after acquiring an additional 5,777 shares during the last quarter.

Key Headlines Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Strong earnings and AI growth supported the rebound. SpaceX reported third-quarter revenue of $14.58 billion, up 161% year over year, and earnings per share of $0.35 versus analysts’ $0.10 estimate. Its AI segment reportedly generated $431 million in net income, helping offset losses in the launch business. Fantastic News for SpaceX Stock Investors
• Positive Sentiment: Analyst sentiment improved sharply. PhilipCapital upgraded SpaceX from “Sell” to “Buy” and raised its price target from $75 to $250. Bank of America also lifted its target to $275, citing stronger growth prospects and Starship milestones. SpaceX Just Scored a Double Upgrade
• Positive Sentiment: Wireless ambitions broaden the growth story. Reports that SpaceX is seeking access to at least 80,000 U.S. cell sites suggest Starlink could evolve into a nationwide wireless carrier, potentially creating a major new revenue stream. The news pressured telecom stocks while benefiting tower owners. SpaceX Seeks Access to 80,000 US Cell Sites
• Neutral Sentiment: A potential Tesla NASDAQ: TSLA merger remains speculative. Elon Musk called the combination a “good idea,” but valuation, conflicts of interest, shareholder approval, antitrust review and Tesla’s China operations could delay or prevent a transaction. SpaceX-Tesla Merger Chatter
• Negative Sentiment: Funding and cash-burn concerns remain significant. SpaceX reportedly burned more than $9.9 billion in free cash flow during the quarter and is raising approximately $40 billion of debt at relatively high interest rates to finance AI and other expansion plans. SpaceX $40 Billion Debt Deal
• Negative Sentiment: Execution and reputational risks could limit upside. The launch division was unprofitable because of heavy research spending, while reports of continuing Starlink restrictions in Ukraine could threaten government relationships and future contracts. In addition, upcoming insider share unlocks may increase supply. Ukraine Says Starlink Restrictions Remain

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.

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