SpaceX (NASDAQ:SPCX) Upgraded to “Strong-Buy” at Clear Str

SpaceX (NASDAQ:SPCX) was upgraded by analysts at Clear Str to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other brokerages also recently commented on SPCX. Cfra initiated coverage on SpaceX in a research note on Friday, June 12th. They set a “sell” rating and a $115.00 target price for the company. Daiwa Securities Group assumed coverage on shares of SpaceX in a report on Thursday, July 2nd. They issued a “neutral” rating and a $175.00 price objective on the stock. Argus started coverage on shares of SpaceX in a research note on Friday, June 26th. They set a “hold” rating for the company. Roth Capital upgraded shares of SpaceX to a “buy” rating in a research note on Monday, June 22nd. Finally, William Blair started coverage on shares of SpaceX in a report on Tuesday. They issued an “outperform” rating on the stock. Four analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, SpaceX presently has an average rating of “Moderate Buy” and an average target price of $239.12.

SpaceX Price Performance

Shares of SPCX opened at $149.47 on Tuesday. SpaceX has a one year low of $147.11 and a one year high of $225.64.

SpaceX (NASDAQ:SPCX) last issued its earnings results on Thursday, May 7th. The company reported ($1.27) earnings per share (EPS) for the quarter. The firm had revenue of $4.69 billion for the quarter.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. KERR FINANCIAL PLANNING Corp bought a new stake in SpaceX during the second quarter worth about $566,000. Burkett Financial Services LLC bought a new stake in shares of SpaceX during the 2nd quarter valued at approximately $70,000. Dogwood Wealth Management LLC acquired a new position in shares of SpaceX during the second quarter worth $139,000. Finally, Dynamic Advisor Solutions LLC acquired a new position in SpaceX in the 2nd quarter worth about $3,383,000.

Key SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX officially joined the Nasdaq-100, which should trigger forced buying from index funds and ETFs that track the benchmark. Article Title
• Positive Sentiment: A wave of new analyst coverage was overwhelmingly bullish, with major firms including Goldman Sachs, Morgan Stanley, JPMorgan, BofA, UBS, Citi, Wells Fargo, Deutsche Bank, Stifel, Needham, Cantor, and others assigning buy/overweight-type ratings and high price targets. Article Title
• Positive Sentiment: Several reports highlighted SpaceX’s long-term growth story in AI infrastructure, orbital compute, Starlink, and broader space-economy dominance, reinforcing the bull case for future revenue growth. 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.