Investment analysts at Daiwa Securities Group began coverage on shares of SpaceX (NASDAQ:SPCX – Get Free Report) in a report released on Thursday. The brokerage set a “neutral” rating and a $175.00 price target on the stock. Daiwa Securities Group’s price objective would suggest a potential upside of 11.08% from the stock’s current price.
SPCX has been the topic of a number of other reports. Susquehanna began coverage on SpaceX in a research note on Tuesday, June 23rd. They issued a “neutral” rating and a $170.00 target price on the stock. Wall Street Zen raised SpaceX to a “sell” rating in a report on Saturday, June 20th. Seaport Research Partners upgraded shares of SpaceX to a “buy” rating in a research report on Monday, June 22nd. Arete Research set a $401.00 target price on shares of SpaceX and gave the company a “buy” rating in a research report on Thursday, June 18th. Finally, Barclays raised shares of SpaceX from an “underweight” rating to an “overweight” rating in a research note on Monday, June 22nd. Three investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, SpaceX has a consensus rating of “Moderate Buy” and an average target price of $205.12.
Check Out Our Latest Research Report on SPCX
SpaceX Trading Down 7.8%
SpaceX (NASDAQ:SPCX – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($1.27) EPS for the quarter. The company had revenue of $4.69 billion for the quarter.
SpaceX News Roundup
Here are the key news stories impacting SpaceX this week:
- Positive Sentiment: Wedbush initiated coverage with a Buy/strong-buy view and a $190 price target, arguing SpaceX is becoming more than a rocket company and could benefit from strong demand for Starlink, launch services, and AI-related businesses. Article Title
- Positive Sentiment: SpaceX is set to join the Nasdaq-100 on July 7, which could trigger large index-fund buying and inflows as passive investors are forced to add the stock. Article Title
- Positive Sentiment: Some analysts say SpaceX could be one of the biggest AI infrastructure plays, with the stock drawing bullish commentary tied to Starlink, xAI, and excess compute monetization. Article Title
- Neutral Sentiment: The FCC is moving to speed satellite license reviews, which could help the broader satellite industry and support SpaceX’s growth plans over time. Article Title
- Negative Sentiment: Elon Musk denied reports that SpaceX is developing an AI phone or handheld device, removing a speculative growth story that had helped sentiment earlier in the week. Article Title
- Negative Sentiment: Short sellers have increased bets against SpaceX, reflecting concerns that the stock may remain volatile after its IPO and could continue pulling back from its early highs. Article Title
- Negative Sentiment: Several articles highlighted that SpaceX’s valuation is extremely rich and that the stock may be vulnerable to continued post-IPO selling if execution does not quickly support the price. Article Title
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.
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