SpaceX (NASDAQ:SPCX) Stock Rating Upgraded by Pivotal Research

SpaceX (NASDAQ:SPCX) was upgraded by investment analysts at Pivotal Research to a “strong-buy” rating in a report released on Tuesday, Zacks reports.

Several other equities research analysts have also issued reports on the stock. Cantor Fitzgerald reiterated an “overweight” rating and set a $246.00 target price on shares of SpaceX in a research report on Wednesday, August 5th. William Blair reissued an “outperform” rating on shares of SpaceX in a research note on Friday, July 31st. Bank of America initiated coverage on SpaceX in a research report on Tuesday, July 7th. They set a “buy” rating and a $235.00 price target on the stock. UBS Group reaffirmed a “buy” rating and set a $75.00 price target (down from $210.00) on shares of SpaceX in a research note on Monday, August 17th. Finally, JPMorgan Chase & Co. began coverage on SpaceX in a report on Tuesday, July 7th. They issued an “overweight” rating and a $225.00 price objective for the company. Three research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eight have given a Hold rating and seven have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $221.06.

SpaceX Stock Performance

NASDAQ:SPCX opened at $153.47 on Tuesday. The company’s fifty day moving average is $135.48. The company has a market cap of $2.01 trillion and a price-to-earnings ratio of -1,705.22. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.99 and a current ratio of 5.12. SpaceX has a 52-week low of $104.83 and a 52-week high of $225.64.

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 analysts’ consensus estimates of ($0.26) by $0.17. The firm had revenue of $7.81 billion during the quarter. The company’s quarterly revenue was up 91.9% compared to the same quarter last year. Equities analysts predict that SpaceX will post -0.15 EPS for the current fiscal year.

Institutional Investors Weigh In On SpaceX

Hedge funds and other institutional investors have recently modified their holdings of the stock. Syntax Research Inc. purchased a new stake in SpaceX during the 2nd quarter valued at about $26,000. Atwood & Palmer Inc. bought a new stake in SpaceX in the second quarter valued at approximately $29,000. PayPay Securities Corp bought a new stake in SpaceX in the second quarter valued at approximately $30,000. Marquette Asset Management LLC purchased a new stake in shares of SpaceX during the second quarter valued at approximately $32,000. Finally, Community Bank N.A. bought a new position in shares of SpaceX in the second quarter worth approximately $38,000.

More SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: New Buy rating and $220 target: Pivotal Research initiated coverage with a Buy rating and a $220 price target, implying substantial upside. The firm’s thesis depends heavily on SpaceX successfully developing a reusable Starship system, which could expand launch capacity and support Starlink growth. CNBC analyst coverage article
• Positive Sentiment: Possible $15.5 billion of passive demand: JPMorgan estimates a Nasdaq-100 rebalance could significantly increase SpaceX’s index weighting, potentially forcing roughly $15.5 billion of buying from passive funds. This prospect is supporting sentiment despite the stock’s recent volatility. Benzinga Nasdaq rebalance article
• Positive Sentiment: Strong operating momentum: SpaceX reported quarterly revenue of $7.81 billion, up 91.9% year over year, and beat the consensus earnings estimate. Analysts also point to Starlink’s potential to address a large terrestrial and wireless connectivity market. Seeking Alpha analyst outlook
• Neutral Sentiment: Share unlocks have not yet triggered major selling: SpaceX has absorbed two prior insider share unlocks relatively well, but approximately 319 million additional shares are scheduled to become eligible for sale on September 9. The market is watching whether this third unlock produces heavier supply. Benzinga share unlock article
• Negative Sentiment: Execution and valuation risks remain high: Analysts say the bull case rests “almost entirely” on Starship reusability. Failure to scale the rocket could materially reduce SpaceX’s future growth prospects, while its roughly $2 trillion valuation appears aggressive relative to projected 2026 revenue. MarketWatch Starship analysis
• Negative Sentiment: Competitive and capital-spending pressure: The Exploration Company raised $450 million to challenge SpaceX, while SpaceX is expected to face a significant 2027 capital-expenditure increase. These factors could pressure returns if Starship and other new initiatives require substantial funding before generating cash flow. TechCrunch competitor funding article

SpaceX Company Profile

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, serving commercial, government and scientific customers.

SpaceX’s principal products include the Falcon 9 and Falcon Heavy rockets, which are used to launch satellites, spacecraft and other payloads into orbit. The company also develops the Dragon spacecraft, which supports cargo and crew missions to low Earth orbit, including missions for NASA and other customers.

Through its Starlink business, SpaceX operates a large constellation of low Earth orbit satellites that provides broadband internet service to customers in numerous countries and regions.