Wells Fargo & Company Has Lowered Expectations for SpaceX (NASDAQ:SPCX) Stock Price

SpaceX (NASDAQ:SPCX) had its price objective dropped by research analysts at Wells Fargo & Company from $215.00 to $212.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target suggests a potential upside of 43.29% from the stock’s current price.

Several other brokerages have also issued reports on SPCX. Morgan Stanley reiterated an “overweight” rating on shares of SpaceX in a research report on Wednesday, August 26th. Bank of America began coverage on shares of SpaceX in a report on Tuesday, July 7th. They set a “buy” rating and a $235.00 target price on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $250.00 price target on shares of SpaceX in a research note on Wednesday, August 5th. Stifel Nicolaus started coverage on shares of SpaceX in a report on Tuesday, July 7th. They issued a “buy” rating and a $190.00 price target for the company. Finally, Argus raised shares of SpaceX from a “hold” rating to a “buy” rating and set a $160.00 price objective for the company in a research report on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eight have given a Hold rating and seven have given a Sell rating to the stock. According to MarketBeat.com, SpaceX has a consensus rating of “Moderate Buy” and a consensus price target of $221.06.

SpaceX Stock Performance

SPCX stock opened at $147.95 on Tuesday. 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 capitalization of $1.93 trillion and a price-to-earnings ratio of -1,643.89. The business’s 50-day simple moving average is $135.83.

SpaceX (NASDAQ:SPCX) last announced its quarterly earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.17. The business had revenue of $7.81 billion during the quarter. The firm’s quarterly revenue was up 91.9% compared to the same quarter last year. On average, analysts forecast that SpaceX will post -0.15 earnings per share for the current year.

Institutional Investors Weigh In On SpaceX

Several hedge funds have recently bought and sold shares of SPCX. Wedbush Securities Inc. acquired a new position in SpaceX during the second quarter worth approximately $5,094,000. Hyperion Asset Management Ltd bought a new stake in SpaceX in the second quarter valued at approximately $201,137,000. Assenagon Asset Management S.A. acquired a new stake in shares of SpaceX in the second quarter valued at approximately $2,502,000. K5 Global Advisor LLC bought a new position in shares of SpaceX during the 2nd quarter worth approximately $6,587,531,000. Finally, Rik Saylor Financial Inc. bought a new position in shares of SpaceX during the 2nd quarter worth approximately $1,670,000.

SpaceX News Roundup

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Pivotal Research began coverage with a Buy rating and a $220 target, citing Starship’s potential for reusability and substantially higher launch capacity. Why SpaceX Stock Is Rising Today and What Wall Street Expects Next
• Positive Sentiment: SpaceX completed its 80th Starlink mission of 2026, while another Falcon 9 launch deployed 27 satellites and successfully landed its booster. Continued launch cadence supports Starlink revenue growth and operating efficiency. SpaceX launches 80th Starlink mission
• Positive Sentiment: The company’s latest quarterly results showed revenue of $7.81 billion, up 91.9% year over year, and an EPS loss of $0.09 that was better than analysts’ expected $0.26 loss. Analysts cited in recent coverage generally see substantial upside, with median targets near $216. SpaceX stock analysis and analyst targets
• Neutral Sentiment: SpaceX is preparing Starship’s 14th test flight. A successful flight could validate the company’s next growth phase, but testing remains an execution risk. SpaceX lines up Starship’s 14th test flight
• Negative Sentiment: Near-term supply concerns remain significant: a September 9 lock-up expiration and a later September 24 share unlock could increase selling pressure. Reports also point to 319 million additional shares coming to market. SpaceX lock-up expiration
• Negative Sentiment: Despite the rebound, SPCX remains about 34% below its $225.64 high, trades at an extremely elevated valuation, and is still expected to post a full-year loss. Isar Aerospace’s successful orbital launch also highlights increasing competition in the launch market. SpaceX rival launches rocket in historic first

About SpaceX

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.