SpaceX (NASDAQ:SPCX – Get Free Report) was upgraded by New Street Research to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.
A number of other equities research analysts also recently weighed in on the company. Cfra initiated coverage on SpaceX in a research report on Friday. They set a “sell” rating and a $115.00 target price on the stock. Oppenheimer set a $190.00 target price on SpaceX and gave the stock an “outperform” rating in a research report on Thursday. KGI Securities initiated coverage on SpaceX in a research report on Thursday. They set an “outperform” rating on the stock. Finally, Wolfe Research initiated coverage on SpaceX in a research report on Friday. They set an “outperform” rating and a $175.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $161.25.
View Our Latest Stock Report on SpaceX
SpaceX Price Performance
SpaceX (NASDAQ:SPCX – Get Free Report) last released its earnings results on Thursday, May 7th. The company reported ($1.27) earnings per share for the quarter. The company had revenue of $4.69 billion during the quarter.
Trending Headlines about SpaceX
Here are the key news stories impacting SpaceX this week:
- Positive Sentiment: SpaceX’s blockbuster IPO raised $75 billion, making it the largest IPO ever and signaling extremely strong demand from institutions and retail buyers.
- Positive Sentiment: Several analysts and market commentators issued bullish takes, with some calling the stock undervalued and pointing to long-term upside from Starlink, launches, and AI infrastructure.
- Positive Sentiment: The debut pushed Elon Musk into trillionaire territory and intensified attention on SpaceX as a potential mega-cap growth story. Article Title
- Neutral Sentiment: The IPO also sparked a wave of trading activity in related names, ETFs, and tokenized-share products, showing that SpaceX is now a broad market theme rather than just a single stock. Article Title
- Neutral Sentiment: At the same time, some reports warned that the valuation is extremely rich and that early enthusiasm could fade after the first-day pop.
- Negative Sentiment: CFRA initiated coverage with a Sell rating and a $115 target, arguing the shares may have downside from current levels.
- Negative Sentiment: Several articles also note profit-taking and selling pressure in space-related stocks as investors rotate out of proxies and reassess the valuation.
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.
Featured Stories
- Five stocks we like better than SpaceX
- SpaceX Rings the Bell and Shatters Every Record
- Adobe Stock Just Got Cheaper—Is Wall Street Missing the Story?
- 3 Dividend Stocks Under $50 That Pay You to Wait Out Inflation
- The 127-Gigawatt Problem: Why AI Needs Its Own Power
Receive News & Ratings for SpaceX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SpaceX and related companies with MarketBeat.com's FREE daily email newsletter.
