SpaceX (NASDAQ:SPCX) Earns Overweight Rating from Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. began coverage on shares of SpaceX (NASDAQ:SPCX) in a research report issued on Tuesday,Benzinga reports. The brokerage set an “overweight” rating and a $225.00 price target on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 40.26% from the stock’s previous close.

A number of other analysts have also issued reports on SPCX. KeyCorp began coverage on SpaceX in a report on Monday, June 22nd. They issued a “sector weight” rating on the stock. Arete Research set a $401.00 price objective on SpaceX and gave the company a “buy” rating in a research report on Thursday, June 18th. Barclays raised shares of SpaceX from an “underweight” rating to an “overweight” rating in a research report on Monday, June 22nd. Deutsche Bank Aktiengesellschaft started coverage on shares of SpaceX in a report on Tuesday. They issued a “buy” rating and a $255.00 price target for the company. Finally, Cfra initiated coverage on shares of SpaceX in a research report on Friday, June 12th. They issued a “sell” rating and a $115.00 price target on the stock. Three analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, SpaceX has a consensus rating of “Moderate Buy” and an average target price of $240.52.

SpaceX Price Performance

Shares of SPCX stock opened at $160.42 on Tuesday. SpaceX has a 1-year low of $147.11 and a 1-year high of $225.64.

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

Institutional Inflows and Outflows

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

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX is set to join the Nasdaq-100, which should trigger forced buying from index funds and ETFs that track the benchmark. Several reports say this could create a meaningful short-term demand boost for SPCX shares. SpaceX set for Nasdaq-100 debut on Tuesday after rule change accelerates inclusion
• Positive Sentiment: Options activity and retail sentiment have been leaning bullish ahead of the index addition, with traders positioning for a possible pop around the inclusion date. Here’s how SpaceX’s Nasdaq-100 inclusion might affect options pricing
• Neutral Sentiment: SpaceX president Gwynne Shotwell said she will donate SpaceX stock to Trump Accounts for children, a headline that is more political and public-relations driven than a direct earnings catalyst. Gwynne Shotwell donating SpaceX stock to Trump Accounts for kids
• Neutral Sentiment: Articles highlighting SpaceX ownership, IPO history, and index-fund exposure mainly reinforce how widely held and closely watched the stock has become, but they do not change fundamentals by themselves. Here’s Who Owns the Most SpaceX Stock
• Neutral Sentiment: New AI-related coverage, including SpaceX’s orbital computing ambitions and xAI/SpaceXAI branding, supports the long-term growth narrative, but investors are also questioning whether the valuation has already priced in too much. SpaceX Unveils AI Data-Center Plan as It Deorbits Starlink Satellites
• Negative Sentiment: Some commentary is warning that SpaceX’s massive valuation and rapid rise may be unsustainable, and one report notes the stock has recently cooled off as space names broadly pulled back. SpaceX Blew Past $2 Trillion and Is Joining the Nasdaq-100. Rocket Ship or Bubble?
• Negative Sentiment: Bearish takes are also pointing to dilution and supply concerns, saying more shares could come into the market over time and pressure the stock after the initial index-related excitement fades. Only 4% of SpaceX Shares Trade Right Now. By December, That Number Could Be 40%. Here’s What That Supply Boost Means for Investors

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.