SpaceX (NASDAQ:SPCX) Stock Gets Price Target Increase from Wells Fargo & Company

SpaceX (NASDAQ:SPCX) had its price objective upped by analysts at Wells Fargo & Company from $214.00 to $274.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company’s price target indicates a potential upside of 65.96% from the company’s previous close.

Several other equities analysts have also issued reports on the stock. Canaccord Genuity Group began coverage on shares of SpaceX in a report on Tuesday, July 7th. They set a “buy” rating and a $246.00 price objective on the stock. Moffett Nathanson upped their target price on SpaceX from $131.00 to $142.00 and gave the stock a “neutral” rating in a report on Monday, September 14th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of SpaceX in a research report on Tuesday, August 25th. Piper Sandler reiterated a “neutral” rating on shares of SpaceX in a report on Wednesday. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $245.00 price target on shares of SpaceX in a research report on Wednesday. Three research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $233.50.

SpaceX Stock Up 11.7%

NASDAQ:SPCX traded up $17.31 during mid-day trading on Wednesday, reaching $165.10. The company’s stock had a trading volume of 51,272,590 shares, compared to its average volume of 100,088,102. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.12 and a quick ratio of 4.99. SpaceX has a 1 year low of $104.83 and a 1 year high of $225.64. The business’s fifty day simple moving average is $148.92. The stock has a market capitalization of $2.18 trillion and a price-to-earnings ratio of -1,834.82.

SpaceX (NASDAQ:SPCX) last posted its earnings results on Tuesday, October 20th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.25. The business had revenue of $14.57 billion for the quarter. During the same quarter last year, the business earned ($0.36) earnings per share. The business’s revenue for the quarter was up 161.4% on a year-over-year basis. On average, analysts expect 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 business’s stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $153.57, for a total transaction of $52,547,046.90. Following the transaction, the chief operating officer directly owned 2,472,035 shares in the company, valued at $379,630,414.95. The trade was a 12.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Institutional Investors Weigh In On SpaceX

A number of large investors have recently modified their holdings of SPCX. Syntax Research Inc. acquired a new stake in SpaceX in the 2nd quarter valued at about $26,000. Atwood & Palmer Inc. acquired a new stake in shares of SpaceX in the second quarter valued at approximately $29,000. PayPay Securities Corp acquired a new stake in shares of SpaceX in the second quarter valued at approximately $30,000. Hickory Point Bank & Trust purchased a new position in SpaceX during the third quarter worth approximately $30,000. Finally, Maryland Capital Advisors Inc. acquired a new position in SpaceX during the third quarter worth $30,000.

Key Stories Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Strong Q3 results: SpaceX reported $14.58 billion in revenue, up 161% year over year, and earnings per share of $0.35 versus the $0.10 consensus estimate. The company swung to approximately $4.4 billion in net income from a year-earlier loss. SpaceX quarterly revenue jumps, beats estimates as AI business surges
• Positive Sentiment: AI and Starlink are scaling rapidly: The Super Intelligence segment generated about $7.56 billion in revenue, surpassing Starlink, while Connectivity revenue reached roughly $5.25 billion. Starlink subscribers grew to 13.6 million, reinforcing the company’s recurring-revenue base.
• Positive Sentiment: Improved forward visibility: Management cited a $63 billion backlog and guided to $33 billion-$37 billion in first-quarter 2027 revenue. Analysts also raised targets, including TD Cowen to $224 with a buy rating, Needham to $250 with a buy rating and Susquehanna to $176 with a neutral rating.
• Positive Sentiment: Merger speculation adds a catalyst: SpaceX and Tesla formed independent committees to evaluate a potential combination. Elon Musk called the idea attractive, although he is excluded from negotiations because of conflicts of interest. A merger could combine SpaceX’s AI and satellite infrastructure with Tesla’s vehicles, robots and data.
• Neutral Sentiment: Execution remains critical: SpaceX plans approximately $35 billion-$40 billion of fourth-quarter capital expenditures to expand AI computing, Starlink and Starship. Revenue is growing faster than spending, but the scale of investment leaves little room for execution errors.
• Negative Sentiment: Cash-flow and dilution concerns: Reports highlight substantial AI infrastructure spending, potential additional debt financing and a possible release of more than $180 billion in insider-held shares as lockups expire. Increased supply could pressure the stock and dilute existing holders.
• Negative Sentiment: Reputational risk: Reports that Musk ordered a slowdown of Starlink service used by Ukraine’s military could increase political, regulatory and customer-related risks for SpaceX.

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.