SpaceX (NASDAQ:SPCX) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of SpaceX (NASDAQ:SPCX) from a sell rating to a hold rating in a research note released on Saturday morning.

A number of other analysts also recently commented on the company. Phillip Securities upgraded SpaceX to a “strong sell” rating in a research report on Friday, July 31st. Roth Capital upgraded SpaceX to a “buy” rating in a research report on Monday, June 22nd. JPMorgan Chase & Co. began coverage on SpaceX in a research note on Tuesday, July 7th. They issued an “overweight” rating and a $225.00 target price for the company. New Street Research raised SpaceX to a “strong-buy” rating in a research report on Thursday, June 11th. Finally, Sanford C. Bernstein set a $248.00 price target on shares of SpaceX in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, eight have issued a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $227.31.

SpaceX Stock Up 15.8%

Shares of SPCX opened at $133.11 on Friday. The company’s 50-day moving average is $143.35. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.12 and a quick ratio of 1.11. SpaceX has a 52 week low of $104.83 and a 52 week high of $225.64.

SpaceX (NASDAQ:SPCX) last released its earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.17. The firm had revenue of $7.81 billion for the quarter. The business’s quarterly revenue was up 91.9% compared to the same quarter last year. On average, research analysts anticipate that SpaceX will post -0.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SpaceX

Several large investors have recently modified their holdings of the stock. Atwood & Palmer Inc. acquired a new position in shares of SpaceX in the 2nd quarter worth approximately $29,000. Marquette Asset Management LLC acquired a new stake in SpaceX in the 2nd quarter valued at $32,000. Burkett Financial Services LLC acquired a new stake in SpaceX in the 2nd quarter valued at $70,000. Contravisory Investment Management Inc. bought a new stake in SpaceX in the second quarter valued at $73,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in SpaceX during the second quarter worth $89,000.

More SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Lockup pressure was less severe than feared. Approximately 911.5 million shares became eligible for trading, more than doubling SpaceX’s public float. However, the stock remained resilient, suggesting that selling may have been largely anticipated and that existing shareholders and retail investors were willing to support the shares. SpaceX’s stock is having one of its best days ever with the first lockup expiration now behind it
• Positive Sentiment: Analysts turned more constructive. Argus upgraded SpaceX to Buy and set a $160 price target, citing accelerating AI revenue, cloud contracts and a potential payback period of less than one year for new AI spending. JPMorgan also raised its target, reinforcing the bullish view on SpaceX’s compute opportunity. SpaceX Stock Just Scored a New Buy Rating
• Positive Sentiment: Quarterly growth remains impressive. SpaceX reported revenue of $7.81 billion, up 91.9% year over year, and a smaller-than-expected loss of $0.09 per share. Reports also highlighted $20.8 billion of combined AI cloud contracts, $2.56 billion in AI revenue and continued profitability at Starlink. SpaceX Signed $14.1 Billion of Cloud Contracts in a Single Quarter
• Positive Sentiment: AI infrastructure plans are expanding. SpaceX’s partnership with Nvidia to deploy next-generation hardware in terrestrial and orbital data centers, along with the planned $16.8 billion Terafab chip factory with Tesla, strengthens the company’s long-term AI and compute narrative. SpaceX’s Terafab will rely on natural gas power plants
• Neutral Sentiment: Speculation about a SpaceX-Tesla merger or tracking-stock structure added attention but remains unconfirmed. Jefferies characterized the possibility as uncertain rather than an immediate catalyst. Jefferies weighs in on SpaceX-Tesla merger speculation
• Negative Sentiment: Risks remain substantial. SpaceX is committing roughly $15.8 billion of quarterly capital spending to AI and remains GAAP-loss-making. Additional staged unlocks through December could create further supply, while concerns about contract cancellations, valuation and the execution of Starlink Mobile continue to limit investor conviction.

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.