SpaceX (NASDAQ:SPCX) Stock Rating Raised to “Strong-Buy” at Phillip Securities

SpaceX (NASDAQ:SPCX) was upgraded by Phillip Securities from a “strong sell” rating to a “strong-buy” rating in a research note issued on Friday, Zacks reports.

A number of other equities analysts have also weighed in on SPCX. Needham & Company LLC reiterated a “buy” rating and issued a $250.00 price target on shares of SpaceX in a research report on Wednesday. Raymond James Financial reissued a “strong-buy” rating on shares of SpaceX in a research note on Wednesday, October 14th. Stifel Nicolaus began coverage on shares of SpaceX in a research report on Tuesday, July 7th. They set a “buy” rating and a $190.00 price objective on the stock. Canaccord Genuity Group assumed coverage on shares of SpaceX in a research note on Tuesday, July 7th. They set a “buy” rating and a $246.00 target price on the stock. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of SpaceX in a report on Wednesday. Four research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $244.19.

SpaceX Stock Up 1.9%

SPCX stock opened at $147.49 on Friday. The company’s 50-day moving average is $149.40. The stock has a market cap of $1.94 trillion and a PE ratio of -1,638.78. 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 twelve month low of $104.83 and a twelve month high of $225.64.

SpaceX (NASDAQ:SPCX) last released its earnings results on Tuesday, October 20th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.25. The firm had revenue of $14.57 billion during the quarter. The company’s quarterly revenue was up 161.4% compared to the same quarter last year. During the same period last year, the company earned ($0.36) earnings per share. On average, equities research analysts expect that SpaceX will post 0.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the company’s stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $153.57, for a total value of $52,547,046.90. Following the completion of the transaction, the chief operating officer directly owned 2,472,035 shares in the company, valued at $379,630,414.95. This represents a 12.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Institutional Investors Weigh In On SpaceX

Institutional investors and hedge funds have recently modified their holdings of the stock. James T. Borello RIA grew its stake in SpaceX by 41.4% during the third quarter. James T. Borello RIA now owns 246 shares of the company’s stock valued at $37,000 after acquiring an additional 72 shares in the last quarter. Downshift Financial LLC increased its holdings in SpaceX by 25.7% in the 3rd quarter. Downshift Financial LLC now owns 553 shares of the company’s stock valued at $83,000 after acquiring an additional 113 shares during the last quarter. Barrett & Company Inc. lifted its stake in SpaceX by 62.5% in the 3rd quarter. Barrett & Company Inc. now owns 325 shares of the company’s stock worth $49,000 after purchasing an additional 125 shares in the last quarter. Trifecta Capital Advisors LLC lifted its stake in SpaceX by 112.5% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 238 shares of the company’s stock worth $36,000 after purchasing an additional 126 shares in the last quarter. Finally, Decision Investments Inc. boosted its holdings in shares of SpaceX by 10.7% during the 3rd quarter. Decision Investments Inc. now owns 1,443 shares of the company’s stock valued at $218,000 after purchasing an additional 139 shares during the last quarter.

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Strong earnings and AI growth supported the rebound. SpaceX reported third-quarter revenue of $14.58 billion, up 161% year over year, and earnings per share of $0.35 versus analysts’ $0.10 estimate. Its AI segment reportedly generated $431 million in net income, helping offset losses in the launch business. Fantastic News for SpaceX Stock Investors
• Positive Sentiment: Analyst sentiment improved sharply. PhilipCapital upgraded SpaceX from “Sell” to “Buy” and raised its price target from $75 to $250. Bank of America also lifted its target to $275, citing stronger growth prospects and Starship milestones. SpaceX Just Scored a Double Upgrade
• Positive Sentiment: Wireless ambitions broaden the growth story. Reports that SpaceX is seeking access to at least 80,000 U.S. cell sites suggest Starlink could evolve into a nationwide wireless carrier, potentially creating a major new revenue stream. The news pressured telecom stocks while benefiting tower owners. SpaceX Seeks Access to 80,000 US Cell Sites
• Neutral Sentiment: A potential Tesla (NASDAQ: TSLA) merger remains speculative. Elon Musk called the combination a “good idea,” but valuation, conflicts of interest, shareholder approval, antitrust review and Tesla’s China operations could delay or prevent a transaction. SpaceX-Tesla Merger Chatter
• Negative Sentiment: Funding and cash-burn concerns remain significant. SpaceX reportedly burned more than $9.9 billion in free cash flow during the quarter and is raising approximately $40 billion of debt at relatively high interest rates to finance AI and other expansion plans. SpaceX $40 Billion Debt Deal
• Negative Sentiment: Execution and reputational risks could limit upside. The launch division was unprofitable because of heavy research spending, while reports of continuing Starlink restrictions in Ukraine could threaten government relationships and future contracts. In addition, upcoming insider share unlocks may increase supply. Ukraine Says Starlink Restrictions Remain

About SpaceX

Space Exploration Technologies Corp., commonly known as SpaceX, is a privately held aerospace company founded in 2002 by Elon Musk. The company develops and operates launch vehicles and spacecraft designed to reduce the cost of access to space and support commercial, government and scientific missions.

SpaceX’s principal products and services include the Falcon 9 and Falcon Heavy rockets, the Dragon spacecraft and the Starlink satellite communications network. Falcon rockets are used to launch satellites, cargo and crew, while Dragon spacecraft support transportation to and from low Earth orbit.