SpaceX (NASDAQ:SPCX) Given Buy Rating at Needham & Company LLC

SpaceX (NASDAQ:SPCX)‘s stock had its “buy” rating reissued by equities researchers at Needham & Company LLC in a report released on Wednesday, Benzinga reports. They currently have a $250.00 target price on the stock. Needham & Company LLC‘s price target would suggest a potential upside of 67.96% from the stock’s current price.

Several other research firms have also issued reports on SPCX. Guggenheim assumed coverage on SpaceX in a research report on Friday, August 7th. They set a “buy” rating on the stock. Cantor Fitzgerald upped their price target on SpaceX from $246.00 to $345.00 and gave the company an “overweight” rating in a research report on Tuesday. Wall Street Zen lowered SpaceX from a “hold” rating to a “sell” rating in a research report on Saturday, October 3rd. Weiss Ratings assumed coverage on SpaceX in a research report on Tuesday, September 1st. They set a “sell (d)” rating on the stock. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of SpaceX in a research report on Wednesday, October 14th. Three investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $244.19.

SpaceX Price Performance

Shares of SPCX stock traded up $4.09 on Wednesday, hitting $148.84. 39,054,591 shares of the stock traded hands, compared to its average volume of 102,549,469. The company has a quick ratio of 4.99, a current ratio of 5.12 and a debt-to-equity ratio of 0.29. The company has a market cap of $1.96 trillion and a P/E ratio of -1,651.24. SpaceX has a 1-year low of $104.83 and a 1-year high of $225.64. The stock’s fifty day moving average is $149.25.

SpaceX (NASDAQ:SPCX) last posted its quarterly earnings results on Tuesday, October 20th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.25. The firm had revenue of $14.58 billion for the quarter. The company’s quarterly revenue was up 161.4% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.36) earnings per share. As a group, equities research analysts expect that SpaceX will post 0.07 EPS for the current year.

Insiders Place Their Bets

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

Institutional Investors Weigh In On SpaceX

Several large investors have recently added to or reduced their stakes in the stock. Gibbs Wealth Management increased its position in SpaceX by 158.2% in the third quarter. Gibbs Wealth Management now owns 6,428 shares of the company’s stock worth $970,000 after buying an additional 3,938 shares during the period. West Financial Advisors LLC increased its position in SpaceX by 559.3% in the third quarter. West Financial Advisors LLC now owns 389 shares of the company’s stock worth $59,000 after buying an additional 330 shares during the period. James J. Burns & Company LLC acquired a new stake in SpaceX in the third quarter worth $444,000. Winthrop Advisory Group LLC increased its position in SpaceX by 48.5% in the third quarter. Winthrop Advisory Group LLC now owns 2,935 shares of the company’s stock worth $443,000 after buying an additional 958 shares during the period. Finally, Manchester Capital Management LLC increased its position in SpaceX by 93,916.7% in the third quarter. Manchester Capital Management LLC now owns 5,641 shares of the company’s stock worth $851,000 after buying an additional 5,635 shares during the period.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Wireless expansion creates a new growth opportunity. SpaceX is reportedly negotiating access to at least 80,000 U.S. cell sites to build a nationwide wireless network, potentially combining Starlink connectivity with traditional mobile service. The plan has pressured Verizon, AT&T and T-Mobile while benefiting tower owners such as Crown Castle. SpaceX seeks access to 80,000 US cell sites
• Positive Sentiment: Analysts raised targets after the earnings beat. Bank of America lifted its target to $275, while Wells Fargo raised its target to $274 and JPMorgan increased its target to $500, reflecting optimism about SpaceX’s AI, satellite and infrastructure businesses. SpaceX wins higher price target
• Positive Sentiment: Quarterly results confirmed accelerating growth. SpaceX reported $14.58 billion in third-quarter revenue, up 161% year over year, and EPS of $0.35 versus a $0.10 consensus estimate. AI compute reportedly became the largest revenue segment, while management projected $33 billion to $37 billion of first-quarter 2027 revenue. SpaceX earnings launch
• Neutral Sentiment: A possible Tesla combination remains speculative. Elon Musk called a merger a good idea, and both companies formed committees to study it. However, shareholder votes, valuation, regulatory review, Tesla’s China operations and conflicts involving Musk could delay or prevent a transaction. SpaceX-Tesla merger chatter
• Negative Sentiment: Capital requirements remain the main risk. SpaceX’s AI buildout requires substantial spending and financing, raising concerns about cash burn, debt costs and execution. Critics also question the company’s elevated valuation and the complexity of combining multiple businesses.
• Negative Sentiment: Starlink’s Ukraine restrictions create reputational and government-contract risk. Lawmakers and investor Ross Gerber called for investigations, warning that service interruptions could weaken trust in SpaceX as a critical communications provider. Investigation into Starlink restrictions

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.