TD Cowen Reaffirms Buy Rating for SpaceX (NASDAQ:SPCX)

SpaceX (NASDAQ:SPCX)‘s stock had its “buy” rating restated by investment analysts at TD Cowen in a research note issued to investors on Friday, MarketBeat Ratings reports. They presently have a $200.00 price objective on the stock. TD Cowen’s price target points to a potential upside of 23.02% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. Zacks Research raised SpaceX to a “hold” rating in a research report on Monday, June 15th. Seaport Research Partners lowered SpaceX from a “buy” rating to a “neutral” rating in a research report on Friday, August 7th. Morgan Stanley reaffirmed an “overweight” rating on shares of SpaceX in a research report on Tuesday, September 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $235.00 price target on shares of SpaceX in a research report on Monday, September 28th. Finally, Bank of America started coverage on SpaceX in a research report on Tuesday, July 7th. They set a “buy” rating and a $235.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, nine have given a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $219.77.

SpaceX Trading Up 1.2%

SPCX traded up $2.00 during mid-day trading on Friday, hitting $162.57. 92,478,962 shares of the stock were exchanged, compared to its average volume of 102,441,000. The firm’s fifty day moving average price is $143.95. SpaceX has a 1-year low of $104.83 and a 1-year high of $225.64. The company has a current ratio of 5.12, a quick ratio of 4.99 and a debt-to-equity ratio of 0.29. The company has a market cap of $2.14 trillion and a P/E ratio of -1,806.33.

SpaceX (NASDAQ:SPCX) last posted its quarterly 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 company’s revenue for the quarter was up 91.9% on a year-over-year basis. As a group, research analysts anticipate that SpaceX will post 0.09 earnings per share for the current year.

Insider Buying and Selling at SpaceX

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SPCX. SC US Ttgp LTD. acquired a new position in SpaceX during the second quarter worth approximately $20,933,621,000. Darsana Capital Partners LP acquired a new position in SpaceX during the second quarter worth approximately $17,335,783,000. K5 Global Advisor LLC acquired a new position in SpaceX during the second quarter worth approximately $6,587,531,000. State Street Corp acquired a new position in SpaceX during the second quarter worth approximately $1,858,329,000. Finally, Dragoneer Investment Group LLC acquired a new position in SpaceX during the second quarter worth approximately $1,366,880,000.

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: The spectrum acquisition could improve indoor and nationwide coverage for Starlink Mobile, strengthen SpaceX’s direct-to-device strategy and create a new wireless revenue opportunity. The deal remains subject to final FCC approval. Reuters spectrum acquisition article
• Positive Sentiment: The FCC approved SpaceX’s plan for up to 15,000 additional Starlink satellites for mobile and direct-to-device connectivity, removing a potentially important regulatory hurdle. FCC approval article
• Positive Sentiment: Analyst support added to the bullish narrative. TD Cowen reaffirmed a Buy rating with a $200 target, while Barclays initiated coverage with a Buy rating and a $254 target; other analysts cited Starlink and AI infrastructure as long-term growth drivers. Barclays SpaceX price target article
• Positive Sentiment: The successful return of NASA’s Crew-12 astronauts after 237 days in orbit reinforces SpaceX’s operational reliability and its role in NASA’s commercial crew program. NASA Crew-12 return article
• Neutral Sentiment: SpaceX is reportedly exploring roughly $40 billion in financing to purchase Nvidia chips and expand AI data-center capacity. The opportunity could diversify revenue, but the financing terms and investment returns remain uncertain. AI chip financing article
• Negative Sentiment: Up to approximately 319 million insider shares became eligible for sale, creating a potential increase in supply and short-term selling pressure. SpaceX insider share unlock article

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.