SpaceX (NASDAQ:SPCX) Stock Rating Upgraded by Wall Street Zen

SpaceX (NASDAQ:SPCX) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

SPCX has been the subject of a number of other reports. Susquehanna lowered shares of SpaceX from a “neutral” rating to an “underperform” rating in a research report on Friday. Barclays upgraded shares of SpaceX from an “underweight” rating to an “overweight” rating in a research note on Monday, June 22nd. JPMorgan Chase & Co. began coverage on shares of SpaceX in a report on Tuesday, July 7th. They issued an “overweight” rating and a $225.00 price target for the company. Arete Research set a $401.00 price target on shares of SpaceX and gave the company a “buy” rating in a research report on Thursday, June 18th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of SpaceX in a report on Friday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, eight have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $227.31.

SpaceX Price Performance

SpaceX stock opened at $133.11 on Friday. SpaceX has a one year low of $104.83 and a one year high of $225.64. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.12 and a quick ratio of 4.99. The stock has a fifty day moving average of $143.35.

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

Institutional Investors Weigh In On SpaceX

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

Key Stories Impacting SpaceX

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.

SpaceX Company Profile

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.