SpaceX (NASDAQ:SPCX) Stock Has Consensus Price Target of $243.60 According to Analysts

SpaceX (NASDAQ:SPCX) has received an average rating of “Moderate Buy” from the forty-seven brokerages that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation, thirty-one have issued a buy recommendation and four have given a strong buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $243.60.

SPCX has been the topic of a number of research analyst reports. William Blair reaffirmed an “outperform” rating on shares of SpaceX in a report on Friday, October 9th. Citigroup increased their price objective on SpaceX from $200.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, October 21st. Erste Group Bank assumed coverage on shares of SpaceX in a research note on Thursday, October 8th. They issued a “hold” rating on the stock. Needham & Company LLC restated a “buy” rating and set a $250.00 price objective on shares of SpaceX in a report on Wednesday, October 21st. Finally, Weiss Ratings started coverage on shares of SpaceX in a research note on Tuesday, September 1st. They set a “sell (d)” rating on the stock.

Key Headlines Impacting SpaceX

Investors following SPCX have been watching these headlines:

• Neutral Sentiment: Potential Tesla merger remains speculative: Bloomberg reports an announcement could come as soon as December, though talks may extend into early 2027. Tesla’s slower recent revenue growth compared with SpaceX could affect the combined company’s growth profile; terms and shareholder implications remain unclear. The Motley Fool: Potential SpaceX-Tesla deal and its impact
• Negative Sentiment: High spending and hurdles raise execution risk: SpaceX expects to spend $35 billion to $40 billion this quarter, while its AI-campus plans face permitting scrutiny, including a pending Arizona hearing. The planned Starship test also still awaited FAA approval shortly before launch, leaving a high-profile catalyst uncertain. Benzinga: Starship Flight 15 awaiting FAA approval
• Negative Sentiment: Merger scrutiny adds uncertainty: Texas Attorney General-elect Nathan Johnson has signaled rigorous review of a possible SpaceX-Tesla combination, creating a potential political and regulatory obstacle. These concerns may help explain why ambitious growth news has not fully eased pressure on SPCX. Yahoo Finance: Incoming Texas AG vows scrutiny of potential merger

SpaceX Price Performance

Shares of SPCX stock traded down $0.83 on Friday, hitting $139.11. The company’s stock had a trading volume of 76,552,723 shares, compared to its average volume of 113,965,480. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.08 and a quick ratio of 3.00. SpaceX has a fifty-two week low of $104.83 and a fifty-two week high of $225.64. The firm’s fifty day moving average price is $148.90. The firm has a market cap of $1.89 trillion and a PE ratio of 535.04.

SpaceX (NASDAQ:SPCX) last posted its quarterly earnings data on Tuesday, October 20th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.25. SpaceX had a negative net margin of 8.61% and a negative return on equity of 3.24%. The business had revenue of $14.57 billion during the quarter. During the same period in the prior year, the company posted ($0.36) earnings per share. SpaceX’s quarterly revenue was up 161.4% on a year-over-year basis. Analysts predict that SpaceX will post 0.22 EPS for the current fiscal year.

Insider Activity

In other news, COO Gwynne Shotwell sold 342,170 shares of the company’s stock in a transaction dated Tuesday, September 22nd. The shares were sold at an average price of $153.57, for a total value of $52,547,046.90. Following the sale, the chief operating officer owned 2,472,035 shares of the company’s stock, valued at approximately $379,630,414.95. This represents a 12.16% decrease in their position. The transaction was disclosed in a document filed 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.

Hedge Funds Weigh In On SpaceX

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SPCX. Alphabet Inc. raised its position in shares of SpaceX by 0.7% during the third quarter. Alphabet Inc. now owns 555,043,560 shares of the company’s stock worth $83,733,871,000 after acquiring an additional 3,854,060 shares during the last quarter. SC US Ttgp LTD. bought a new stake in shares of SpaceX in the 2nd quarter valued at $20,933,621,000. Darsana Capital Partners LP acquired a new stake in shares of SpaceX during the second quarter worth $17,335,783,000. K5 Global Advisor LLC acquired a new stake in shares of SpaceX during the second quarter worth $6,587,531,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in SpaceX in the third quarter valued at $4,224,143,000.

About SpaceX

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.