SpaceX (NASDAQ:SPCX) Rating Increased to Strong-Buy at Evercore

Evercore upgraded shares of SpaceX (NASDAQ:SPCX) to a strong-buy rating in a report published on Tuesday morning,Zacks.com reports.

Other equities research analysts have also issued research reports about the stock. UBS Group assumed coverage on shares of SpaceX in a report on Tuesday, July 7th. They issued a “buy” rating and a $210.00 price target on the stock. Citigroup assumed coverage on shares of SpaceX in a report on Tuesday, July 7th. They set a “buy” rating and a $200.00 price objective for the company. Wedbush started coverage on shares of SpaceX in a research report on Tuesday, June 30th. They set an “outperform” rating and a $190.00 target price on the stock. Roth Capital raised shares of SpaceX to a “buy” rating in a research report on Monday, June 22nd. Finally, Wall Street Zen upgraded shares of SpaceX from a “sell” rating to a “hold” rating in a research note on Sunday. Five research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $238.77.

SpaceX Stock Down 2.2%

Shares of SPCX stock opened at $136.08 on Tuesday. SpaceX has a 12 month low of $135.52 and a 12 month high of $225.64.

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

Institutional Trading of SpaceX

Hedge funds and other institutional investors have recently made changes to their positions in the business. Atwood & Palmer Inc. acquired a new position in SpaceX during the 2nd quarter worth about $29,000. Marquette Asset Management LLC acquired a new stake in SpaceX in the 2nd quarter valued at about $32,000. Burkett Financial Services LLC bought a new position in shares of SpaceX in the second quarter worth about $70,000. Contravisory Investment Management Inc. bought a new position in shares of SpaceX in the second quarter worth about $73,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of SpaceX during the second quarter worth approximately $89,000.

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Evercore ISI initiated coverage on SpaceX with an Outperform rating and a $230 price target, while other firms such as Raymond James and Stifel also remained upbeat ahead of the upcoming Starship Flight 13 test. Article Title
• Positive Sentiment: Frontier Airlines said it will roll out SpaceX’s Starlink in-flight Wi‑Fi beginning in 2027, signaling continued commercial traction for SpaceX’s satellite internet business. Article Title
• Positive Sentiment: Some investors and fund managers are still calling SpaceX a long-term winner, with bullish commentary focused on Starlink growth, Starship progress, and AI-related infrastructure opportunities. Article Title
• Neutral Sentiment: SpaceX is preparing for Starship Flight 13 after FAA clearance, and the launch is being framed as an important operational milestone, but it remains a binary event that could move sentiment either way. Article Title
• Neutral Sentiment: SpaceX’s recent Nasdaq-100 inclusion and the flood of articles about its IPO, ETF ownership, and valuation highlight strong investor attention, but also suggest the stock may be entering a more volatile, sentiment-driven phase. Article Title
• Negative Sentiment: Bearish pieces continue to focus on SpaceX’s steep valuation, the risk of a larger share float as lockups expire, and concerns that the stock may still have further downside after its rapid post-IPO run-up. Article Title
• Negative Sentiment: Competition headlines also weighed on sentiment, including reports that China’s rocket progress and other rivals are challenging SpaceX’s long-term lead in launch services and satellite connectivity. Article Title
• Negative Sentiment: Several articles also note that the stock has fallen sharply from its highs, with some analysts warning the recent decline reflects profit-taking and fading scarcity premium after the IPO. 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.