SpaceX (NASDAQ:SPCX) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Shares of SpaceX (NASDAQ:SPCX) have been assigned a consensus rating of “Moderate Buy” from the forty-three research firms that are presently covering the stock, MarketBeat reports. Seven investment analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-six have given a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $218.28.

Several equities research analysts recently weighed in on the company. Zacks Research upgraded SpaceX to a “hold” rating in a research report on Monday, June 15th. UBS Group reissued a “buy” rating and set a $75.00 price objective (down from $210.00) on shares of SpaceX in a report on Monday, August 17th. Needham & Company LLC reissued a “buy” rating and issued a $250.00 target price on shares of SpaceX in a research report on Wednesday, August 5th. Canaccord Genuity Group began coverage on SpaceX in a report on Tuesday, July 7th. They set a “buy” rating and a $246.00 price target for the company. Finally, TD Cowen initiated coverage on SpaceX in a research report on Monday, June 22nd. They set a “buy” rating for the company.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Google selected SpaceX to launch the first Project Suncatcher satellite on the Transporter-18 rideshare mission. The October 1 test of AI chips in orbit could support SpaceX’s positioning in the emerging space-based data-center market and deepen its relationship with Alphabet and Nvidia. Google Project Suncatcher article
• Positive Sentiment: Elon Musk said SpaceX could develop an AI model approaching GPT-6-level capabilities within several months and potentially reach a leading position within six months. The comments are boosting the company’s AI narrative, although they remain forward-looking and unverified. Musk SpaceX AI article
• Positive Sentiment: Upcoming Starship Flight 14 is renewing attention on SpaceX’s reusable-rocket ambitions. The prior Flight 13 successfully deployed Starlink satellites, but that milestone did not prevent the stock’s subsequent decline. Starship Flight 14 article
• Neutral Sentiment: Analysts remain broadly constructive, with reported price targets well above the current quotation, but SpaceX trades near a roughly $2 trillion valuation while still reporting losses. This leaves the stock highly sensitive to execution and growth expectations. SPCX price prediction article
• Negative Sentiment: COO Gwynne Shotwell sold 342,170 shares for approximately $52.5 million, reducing her direct holdings by 12.16%. The transaction was made under a pre-arranged Rule 10b5-1 plan, but it adds to investor concerns about insider selling. SEC insider sale filing
• Negative Sentiment: Up to approximately 328.4 million shares became eligible for trading after lockup restrictions expired, creating a substantial potential supply overhang that has recently weighed on SPCX.

SpaceX Price Performance

SPCX stock opened at $148.03 on Friday. The stock has a market cap of $1.94 trillion and a PE ratio of -1,644.78. The company has a current ratio of 5.12, a quick ratio of 4.99 and a debt-to-equity ratio of 0.29. SpaceX has a one year low of $104.83 and a one year high of $225.64. The business has a 50 day moving average of $135.91.

SpaceX (NASDAQ:SPCX) last announced its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.17. The business had revenue of $7.81 billion during the quarter. SpaceX’s revenue was up 91.9% on a year-over-year basis. On average, research analysts expect that SpaceX will post -0.15 EPS for the current fiscal year.

Insider Activity

In other news, COO Gwynne Shotwell sold 342,170 shares of the business’s stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $153.57, for a total transaction of $52,547,046.90. Following the completion of the sale, the chief operating officer directly owned 2,472,035 shares of the company’s stock, valued at approximately $379,630,414.95. The trade was a 12.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Institutional Inflows and Outflows

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

SpaceX Company Profile

Space Exploration Technologies Corp. (SpaceX) is a privately held aerospace company founded in 2002 by Elon Musk. The company develops and operates launch vehicles, spacecraft and satellite systems, serving commercial, government and scientific customers.

SpaceX’s principal products include the Falcon 9 and Falcon Heavy rockets, which are used to launch satellites, spacecraft and other payloads into orbit. The company also develops the Dragon spacecraft, which supports cargo and crew missions to low Earth orbit, including missions for NASA and other customers.

Through its Starlink business, SpaceX operates a large constellation of low Earth orbit satellites that provides broadband internet service to customers in numerous countries and regions.