SpaceX (NASDAQ:SPCX) Stock Rating Upgraded by Wall Street Zen

SpaceX (NASDAQ:SPCX) was upgraded by investment analysts at Wall Street Zen to a “sell” rating in a report released on Saturday.

SPCX has been the topic of several other research reports. Oppenheimer lifted their price target on SpaceX from $190.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday. KGI Securities initiated coverage on SpaceX in a report on Thursday, June 11th. They set an “outperform” rating for the company. New Street Research raised SpaceX to a “strong-buy” rating in a research report on Thursday, June 11th. Zacks Research upgraded SpaceX to a “hold” rating in a research note on Monday, June 15th. Finally, Cfra initiated coverage on SpaceX in a research report on Friday, June 12th. They set a “sell” rating and a $115.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $221.20.

SpaceX Price Performance

Shares of SPCX opened at $185.00 on Friday. SpaceX has a twelve month low of $149.34 and a twelve month high of $225.64.

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

Insider Buying and Selling

In other SpaceX news, CEO Elon Musk sold 11,390 shares of the business’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $105.32, for a total transaction of $1,199,594.80. Following the sale, the chief executive officer directly owned 526,165,900 shares of the company’s stock, valued at $55,415,792,588. The trade was a 0.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX’s acquisition of Cursor could strengthen its AI ambitions and expand its long-term growth story, while analysts such as Oppenheimer argue the deal could help the company close the AI gap with larger rivals. How Cursor Could Help SpaceX Close the AI Gap with Major Rivals
• Positive Sentiment: SpaceX won investment-grade credit ratings from Moody’s, S&P, and Fitch with stable outlooks, which supports the company’s financing profile even as it pursues aggressive expansion. SpaceX gets investment-grade ratings with stable outlook from top agencies
• Positive Sentiment: Wall Street remains split but still generally constructive, with some firms setting lofty targets and noting strong retail interest, potential index inclusion, and enthusiasm around SpaceX’s scale and brand. SpaceX Stock Price Forecast — Analyst Sets Street-High Target, Sees 100%+ Upside
• Neutral Sentiment: SpaceX continues to attract headlines for its public-market debut, ETF inclusion, and heavy trading activity, but much of this attention reflects speculation rather than clear near-term fundamentals. As SpaceX Falls Back To Earth, Bear ETFs Reach For The Stars
• Neutral Sentiment: SpaceX launched a new batch of U.S. spy satellites, underscoring that its core space business remains active and mission-driven. SpaceX launches new batch of US spy satellites from California
• Negative Sentiment: Recent selling appears tied to investors backing away from the IPO frenzy, with commentary pointing to a possible post-IPO cooldown, looming lockup-related supply, and fears that the valuation has gotten ahead of fundamentals. SpaceX shares tumble as post-IPO frenzy loses steam
• Negative Sentiment: Several reports say the stock is vulnerable because of its elevated valuation and a likely large debt offering to help fund AI expansion, raising concerns about dilution and leverage. SpaceX Reportedly Prepares $20 Billion Bond Sale After IPO

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.