SpaceX (NASDAQ:SPCX) Coverage Initiated by Analysts at Sanford C. Bernstein

Equities research analysts at Sanford C. Bernstein assumed coverage on shares of SpaceX (NASDAQ:SPCX) in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage set an “outperform” rating and a $239.00 price target on the stock. Sanford C. Bernstein’s target price points to a potential upside of 48.98% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. Wolfe Research started coverage on SpaceX in a research note on Friday, June 12th. They set an “outperform” rating and a $175.00 price objective on the stock. Daiwa Securities Group began coverage on shares of SpaceX in a research note on Thursday, July 2nd. They issued a “neutral” rating and a $175.00 target price for the company. Wells Fargo & Company upgraded shares of SpaceX to an “overweight” rating in a report on Monday, June 22nd. KGI Securities cut shares of SpaceX from an “outperform” rating to a “hold” rating in a research note on Monday, June 22nd. Finally, Cfra began coverage on shares of SpaceX in a research report on Friday, June 12th. They issued a “sell” rating and a $115.00 price objective for the company. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $240.52.

SpaceX Price Performance

NASDAQ:SPCX 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 issued its quarterly 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 Trading of SpaceX

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

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.