SpaceX (NASDAQ:SPCX) Now Covered by Analysts at The Goldman Sachs Group

The Goldman Sachs Group started coverage on shares of SpaceX (NASDAQ:SPCX) in a research report issued on Tuesday,Benzinga reports. The firm set a “buy” rating and a $205.00 price target on the stock. The Goldman Sachs Group’s price target would indicate a potential upside of 27.79% from the company’s current price.

Several other brokerages also recently commented on SPCX. Wedbush assumed coverage on shares of SpaceX in a report on Tuesday, June 30th. They issued an “outperform” rating and a $190.00 target price on the stock. Needham & Company LLC assumed coverage on shares of SpaceX in a report on Tuesday. They set a “buy” rating and a $200.00 price target for the company. New Street Research upgraded SpaceX to a “strong-buy” rating in a research note on Thursday, June 11th. UBS Group initiated coverage on SpaceX in a research report on Tuesday. They set a “buy” rating and a $210.00 price objective for the company. Finally, Raymond James Financial began coverage on SpaceX in a report on Tuesday. They issued a “strong-buy” rating and a $800.00 target price on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $240.52.

SpaceX Trading Down 1.0%

SPCX opened at $160.42 on Tuesday. SpaceX has a twelve month low of $147.11 and a twelve month high of $225.64.

SpaceX (NASDAQ:SPCX) last announced 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

A number of hedge funds have recently modified their holdings of the company. Burkett Financial Services LLC acquired a new stake in shares of SpaceX during the 2nd quarter worth approximately $70,000. Dogwood Wealth Management LLC acquired a new position in shares of SpaceX in the second quarter valued at $139,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new position in shares of SpaceX in the second quarter valued at $566,000.

SpaceX News Roundup

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.