Deutsche Bank Aktiengesellschaft Begins Coverage on SpaceX (NASDAQ:SPCX)

Equities research analysts at Deutsche Bank Aktiengesellschaft started coverage on shares of SpaceX (NASDAQ:SPCX) in a research note issued on Tuesday,Benzinga reports. The brokerage set a “buy” rating and a $255.00 price target on the stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 58.96% from the company’s previous close.

SPCX has been the topic of several other research reports. Oppenheimer upped their price objective on SpaceX from $190.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday, June 18th. KGI Securities downgraded shares of SpaceX from an “outperform” rating to a “hold” rating in a report on Monday, June 22nd. Cfra assumed coverage on shares of SpaceX in a report on Friday, June 12th. They issued a “sell” rating and a $115.00 price objective for the company. Zacks Research raised shares of SpaceX to a “hold” rating in a research note on Monday, June 15th. Finally, Arete Research set a $401.00 price target on SpaceX and gave the company a “buy” rating in a research note on Thursday, June 18th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, SpaceX presently has a consensus rating of “Moderate Buy” and a consensus target price of $240.52.

SpaceX Trading Down 1.0%

Shares of SPCX stock opened at $160.42 on Tuesday. SpaceX has a 52-week low of $147.11 and a 52-week high of $225.64.

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

Institutional Investors Weigh In On SpaceX

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. KERR FINANCIAL PLANNING Corp acquired a new stake in SpaceX during the 2nd quarter worth $566,000. Dogwood Wealth Management LLC purchased a new position in shares of SpaceX in the second quarter worth about $139,000. Finally, Burkett Financial Services LLC acquired a new position in SpaceX during the second quarter worth about $70,000.

Trending Headlines about SpaceX

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

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.