SpaceX (NASDAQ:SPCX) Upgraded to “Strong-Buy” at Pivotal Research

Pivotal Research upgraded shares of SpaceX (NASDAQ:SPCX) to a strong-buy rating in a research note issued to investors on Tuesday morning,Zacks reports.

Several other equities analysts also recently commented on the stock. UBS Group reissued a “buy” rating and set a $75.00 target price (down from $210.00) on shares of SpaceX in a research report on Monday, August 17th. New Street Research raised SpaceX to a “strong-buy” rating in a research report on Thursday, June 11th. Canaccord Genuity Group assumed coverage on SpaceX in a research note on Tuesday, July 7th. They set a “buy” rating and a $246.00 price target for the company. Wolfe Research reissued an “outperform” rating and set a $175.00 price objective on shares of SpaceX in a report on Wednesday, August 26th. Finally, Wedbush assumed coverage on SpaceX in a research note on Tuesday, June 30th. They issued an “outperform” rating and a $190.00 price objective on the stock. Three analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eight have issued a Hold rating and seven have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $221.06.

SpaceX Stock Up 3.7%

SPCX stock opened at $153.47 on Tuesday. The business has a 50 day simple moving average of $135.48. SpaceX has a 12 month low of $104.83 and a 12 month high of $225.64. The company has a market capitalization of $2.01 trillion and a P/E ratio of -1,705.22. 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 (NASDAQ:SPCX) last released its quarterly earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.17. The business had revenue of $7.81 billion for the quarter. The company’s quarterly 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.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SPCX. Wedbush Securities Inc. acquired a new stake in SpaceX during the second quarter worth about $5,094,000. Hyperion Asset Management Ltd acquired a new position in SpaceX in the 2nd quarter valued at approximately $201,137,000. K5 Global Advisor LLC acquired a new position in SpaceX in the 2nd quarter valued at approximately $6,587,531,000. Assenagon Asset Management S.A. bought a new stake in shares of SpaceX in the 2nd quarter worth approximately $2,502,000. Finally, Turner Financial Group Inc. acquired a new stake in shares of SpaceX during the 2nd quarter worth approximately $1,228,000.

SpaceX News Roundup

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Bullish analyst coverage: Pivotal Research initiated SpaceX with a Buy rating and a $220 price target, implying substantial upside. The thesis depends heavily on SpaceX successfully making Starship reusable, which could reduce launch costs and expand the company’s addressable markets. Pivotal Research SpaceX coverage
• Positive Sentiment: Potential passive-fund buying: JPMorgan estimates a Nasdaq-100 rebalance could generate approximately $15.5 billion of buying if SpaceX receives a larger index weighting, creating a potential technical tailwind for SPCX. SpaceX Nasdaq rebalance
• Positive Sentiment: Long-term growth narrative: Analysts argue SpaceX could disrupt wireless through Starlink without directly displacing Verizon, AT&T or T-Mobile. Investors are increasingly valuing the company as a combination of launch infrastructure, satellite broadband, wireless connectivity and artificial intelligence. SpaceX wireless disruption analyst outlook
• Neutral Sentiment: Insider selling risk: Up to 319 million shares, potentially worth about $47 billion at recent valuations, became eligible for trading on September 9. The unlock does not guarantee sales, but it increases the potential supply of shares and could produce volatility or selling pressure. SpaceX share unlock analysis
• Negative Sentiment: Valuation and execution concerns: SpaceX’s roughly $2 trillion valuation remains far above expected 2026 revenue of approximately $22 billion to $30 billion. The bullish case rests largely on Starship reusability; delays or failed tests could materially weaken the growth outlook. Premarket weakness also reflects a broader market selloff. SpaceX Starship execution risks

About SpaceX

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.