SpaceX (NASDAQ:SPCX) Stock Gets Price Target Increase from Bank of America

Posted by Stanley Muller on Oct 22nd, 2026

SpaceX (NASDAQ:SPCX – Get Free Report) had its target price boosted by Bank of America from $235.00 to $275.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. Bank of America’s price target points to a potential upside of 72.62% from the company’s current price.

A number of other brokerages have also recently commented on SPCX. Weiss Ratings started coverage on SpaceX in a research note on Tuesday, September 1st. They issued a “sell (d)” rating for the company. Cantor Fitzgerald boosted their price objective on SpaceX from $246.00 to $345.00 and gave the stock an “overweight” rating in a research report on Tuesday. Evercore reaffirmed an “outperform” rating and issued a $275.00 target price on shares of SpaceX in a report on Friday, October 16th. Phillip Securities upgraded SpaceX to a “strong sell” rating and set a $75.00 target price for the company in a research report on Friday, July 31st. Finally, Argus raised SpaceX from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a research note on Friday, August 7th. Three analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, nine have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, SpaceX currently has an average rating of “Moderate Buy” and a consensus price target of $244.19.

Check Out Our Latest Stock Analysis on SPCX

SpaceX Trading Up 7.8%

Shares of SpaceX stock opened at $159.31 on Thursday. The firm’s 50 day moving average is $149.18. The company has a market cap of $2.10 trillion and a price-to-earnings ratio of -1,770.11. SpaceX has a 1 year low of $104.83 and a 1 year high of $225.64. 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 (NASDAQ:SPCX – Get Free Report) last issued its quarterly earnings data on Tuesday, October 20th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.10 by $0.25. The company had revenue of $14.57 billion during the quarter. SpaceX’s revenue was up 161.4% compared to the same quarter last year. During the same period last year, the firm posted ($0.36) earnings per share. As a group, research analysts anticipate that SpaceX will post 0.07 earnings per share for the current year.

Insiders Place Their Bets

In related news, COO Gwynne Shotwell sold 342,170 shares of the stock in a transaction 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 directly owned 2,472,035 shares in the company, valued at $379,630,414.95. This represents a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SPCX. SC US Ttgp LTD. bought a new stake in shares of SpaceX in the 2nd quarter valued at about $20,933,621,000. Darsana Capital Partners LP bought a new position in shares of SpaceX during the second quarter worth about $17,335,783,000. K5 Global Advisor LLC bought a new position in shares of SpaceX during the second quarter worth about $6,587,531,000. State Street Corp acquired a new position in shares of SpaceX in the second quarter worth approximately $1,858,329,000. Finally, Dragoneer Investment Group LLC acquired a new position in shares of SpaceX in the second quarter worth approximately $1,366,880,000.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

Positive Sentiment: Q3 results substantially exceeded expectations. SpaceX reported $0.35 in adjusted EPS versus a $0.10 consensus estimate, while revenue rose 161% year over year to approximately $14.58 billion. The company also swung from a year-earlier loss to roughly $4.4 billion in net income. SpaceX quarterly revenue jumps, beats estimates as AI business surges
Positive Sentiment: AI infrastructure has become the primary growth catalyst. The Super Intelligence division generated about $7.56 billion in quarterly revenue, up sharply from the prior year, and posted an operating profit. Management said deployed computing capacity reached 1.7 gigawatts and indicated that new installations can pay back in less than a year at current pricing. Why SpaceX Stock Popped After Earnings
Positive Sentiment: Forward guidance and analyst sentiment improved. SpaceX projected first-quarter 2027 revenue of $33 billion to $37 billion, supported by a roughly $63 billion backlog. JPMorgan raised its price target from $240 to $500, while Wells Fargo, TD Cowen and Needham also lifted targets or maintained bullish ratings. JPMorgan says SpaceX will triple after huge third-quarter earnings beat
Positive Sentiment: Starlink continues to provide recurring cash flow. Connectivity revenue reached about $5.25 billion, with consumer subscribers growing to 13.6 million. Investors also welcomed Musk’s comments about expanding AI capacity and the possibility of broader Starlink mobile services.
Neutral Sentiment: A potential Tesla (TSLA) merger is being explored, but remains uncertain. Independent committees at both companies are reviewing a combination that could create technology and AI synergies. However, shareholder approval, valuation, regulatory issues and Tesla’s China operations could complicate any transaction. SpaceX and Tesla boards form special committees to review merger
Negative Sentiment: Investors remain concerned about enormous capital requirements. Third-quarter capital expenditures were approximately $19.6 billion, and management expects $35 billion to $40 billion in fourth-quarter spending. Analysts warn that continued AI and satellite investment could produce substantial cash burn, debt needs and execution risk.
Negative Sentiment: Insider share-sale eligibility may add supply pressure. Reports indicate that approximately 911.5 million shares held by select insiders became eligible for sale, potentially increasing volatility and limiting near-term upside. SpaceX is set to make dubious history yet again

SpaceX Company Profile

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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.