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

Clear Str upgraded shares of SpaceX (NASDAQ:SPCX) to a strong-buy rating in a research report released on Tuesday,Zacks.com reports.

Several other research analysts have also recently issued reports on the company. Deutsche Bank Aktiengesellschaft began coverage on SpaceX in a research note on Tuesday. They issued a “buy” rating and a $255.00 price target for the company. Susquehanna started coverage on SpaceX in a report on Tuesday, June 23rd. They issued a “neutral” rating and a $170.00 price target on the stock. Barclays raised shares of SpaceX from an “underweight” rating to an “overweight” rating in a research note on Monday, June 22nd. Roth Capital raised SpaceX to a “buy” rating in a research note on Monday, June 22nd. Finally, Wolfe Research started coverage on shares of SpaceX in a report on Friday, June 12th. They set an “outperform” rating and a $175.00 price target on the stock. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $239.12.

SpaceX Stock Down 6.8%

Shares of SPCX stock opened at $149.47 on Tuesday. SpaceX has a 52 week low of $147.11 and a 52 week high of $225.64.

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

Hedge Funds Weigh In On SpaceX

A number of institutional investors and hedge funds have recently bought and sold shares of SPCX. Burkett Financial Services LLC bought a new position in SpaceX during the second quarter valued at about $70,000. Dogwood Wealth Management LLC acquired a new position in SpaceX during the second quarter worth $139,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of SpaceX during the 2nd quarter worth about $566,000. Finally, Dynamic Advisor Solutions LLC acquired a new stake in shares of SpaceX during the second quarter worth approximately $3,383,000.

Key SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX officially joined the Nasdaq-100, which should trigger forced buying from index funds and ETFs that track the benchmark. Article Title
• Positive Sentiment: A wave of new analyst coverage was overwhelmingly bullish, with major firms including Goldman Sachs, Morgan Stanley, JPMorgan, BofA, UBS, Citi, Wells Fargo, Deutsche Bank, Stifel, Needham, Cantor, and others assigning buy/overweight-type ratings and high price targets. Article Title
• Positive Sentiment: Several reports highlighted SpaceX’s long-term growth story in AI infrastructure, orbital compute, Starlink, and broader space-economy dominance, reinforcing the bull case for future revenue growth. Article Title

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.