SpaceX’s (SPCX) “Buy” Rating Reiterated at TD Cowen

SpaceX (NASDAQ:SPCX)‘s stock had its “buy” rating restated by investment analysts at TD Cowen in a report released on Friday, MarketBeat Ratings reports. They presently have a $200.00 target price on the stock. TD Cowen’s price target would suggest a potential upside of 23.67% from the company’s previous close.

A number of other brokerages have also weighed in on SPCX. Mizuho started coverage on SpaceX in a research note on Tuesday, July 7th. They set an “outperform” rating and a $200.00 price target on the stock. Barclays began coverage on SpaceX in a research report on Thursday. They issued an “overweight” rating and a $254.00 target price on the stock. Pivotal Research started coverage on SpaceX in a report on Tuesday, September 8th. They issued a “buy” rating and a $220.00 price target for the company. Sanford C. Bernstein restated a “buy” rating on shares of SpaceX in a research note on Monday, September 28th. Finally, HSBC assumed coverage on SpaceX in a research note on Thursday, July 23rd. They set a “hold” rating and a $115.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, nine have issued a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $219.77.

SpaceX Stock Up 0.7%

Shares of SPCX traded up $1.15 on Friday, reaching $161.72. The stock had a trading volume of 68,781,238 shares, compared to its average volume of 102,121,141. SpaceX has a twelve month low of $104.83 and a twelve month 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 company’s 50-day moving average is $143.95. The stock has a market cap of $2.13 trillion and a price-to-earnings ratio of -1,795.16.

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

Insider Activity at SpaceX

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Syntax Research Inc. acquired a new position in SpaceX in the second quarter worth approximately $26,000. Atwood & Palmer Inc. purchased a new position in SpaceX during the 2nd quarter worth approximately $29,000. PayPay Securities Corp purchased a new position in SpaceX during the 2nd quarter worth approximately $30,000. Marquette Asset Management LLC purchased a new position in SpaceX during the 2nd quarter worth approximately $32,000. Finally, Hickory Point Bank & Trust purchased a new position in SpaceX during the 3rd quarter worth approximately $30,000.

Key SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Nationwide spectrum acquisition strengthens Starlink Mobile. SpaceX agreed to acquire Grain Management’s nationwide portfolio of low-band 800 MHz spectrum, reportedly covering up to 14 MHz of paired licenses and nearly the entire U.S. population. The lower-frequency spectrum could improve indoor and rural coverage while complementing Starlink’s direct-to-device satellite network, bringing SpaceX closer to becoming a major mobile carrier. Verizon stock heads for worst day since 2002 as SpaceX U.S. network plans whack telcos
• Positive Sentiment: Regulatory progress supports the wireless strategy. The FCC approved SpaceX’s next-generation Starlink constellation of up to 15,000 satellites for mobile and direct-to-device services, without requiring ground-provider leases. The approvals increase the potential scale of Starlink Mobile and contributed to investor optimism. Elon Musk’s SpaceX Gets Green Light from Trump’s FCC for 15,000 Starlink Satellites
• Positive Sentiment: Analyst support and AI ambitions added momentum. Barclays initiated coverage with a Buy rating and a $254 price target, while TD Cowen reaffirmed its Buy rating with a $200 target. Investors are also weighing SpaceX’s reported plans to raise as much as $40 billion to purchase Nvidia chips and expand AI-computing capacity, potentially creating another significant growth engine. Two Reasons SpaceX Stock Is Jumping Higher Today
• Neutral Sentiment: Competition is reshaping the communications sector. Verizon, AT&T and T-Mobile sold off sharply on fears that SpaceX could pressure traditional wireless operators, while cell-tower owners may benefit if SpaceX becomes a major network tenant. The deal remains subject to final FCC approval. US, European telecom stocks slide as SpaceX spectrum deal rattles sector
• Negative Sentiment: Financing and share-supply risks remain overhangs. Investors continue to question the leverage required for the AI buildout, while approximately $51 billion of insider shares became eligible for sale. ARK Invest also sold roughly $4.7 million of SpaceX shares, potentially limiting near-term gains. SpaceX’s Fleecing of Retail Investors Continues

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 designed to reduce the cost of access to space and support commercial, government and scientific missions.

SpaceX’s primary products and services include the Falcon 9 and Falcon Heavy launch vehicles, the Dragon spacecraft and the Starlink satellite internet network. The company also is developing Starship, a fully reusable launch and spacecraft system intended for missions to Earth orbit, the Moon and Mars.