SpaceX (NASDAQ:SPCX) Stock Rating Upgraded by Clear Str

SpaceX (NASDAQ:SPCX) was upgraded by Clear Str to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Several other analysts have also recently commented on SPCX. Sanford C. Bernstein started coverage on SpaceX in a report on Tuesday. They issued an “outperform” rating and a $239.00 target price on the stock. Morgan Stanley assumed coverage on shares of SpaceX in a research report on Tuesday. They issued an “overweight” rating and a $300.00 price target on the stock. Wells Fargo & Company assumed coverage on shares of SpaceX in a research note on Tuesday. They issued an “overweight” rating and a $230.00 price objective on the stock. UBS Group began coverage on shares of SpaceX in a report on Tuesday. They issued a “buy” rating and a $210.00 target price on the stock. Finally, Oppenheimer boosted their price objective on SpaceX from $190.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, June 18th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $239.12.

SpaceX Trading Down 6.8%

Shares of NASDAQ:SPCX opened at $149.47 on Tuesday. SpaceX has a 12-month low of $147.11 and a 12-month high of $225.64.

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

Institutional Trading of SpaceX

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Burkett Financial Services LLC acquired a new stake in SpaceX in the second quarter valued at approximately $70,000. Dogwood Wealth Management LLC acquired a new position in shares of SpaceX during the second quarter worth approximately $139,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of SpaceX in the 2nd quarter worth $566,000. Finally, Dynamic Advisor Solutions LLC bought a new stake in SpaceX during the 2nd quarter valued at $3,383,000.

More 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.