October 21JPMorgan significantly raised its SpaceX price target from $240 to $500, maintaining an 'Overweight' rating. T…

October 21

JPMorgan significantly raised its SpaceX price target from $240 to $500, maintaining an 'Overweight' rating. The bank believes AI computing power growth far exceeded expectations, with approximately 10GW of new capacity expected by 2027; large-scale data center expansion will significantly boost future revenue potential.

Cantor Fitzgerald raised its SpaceX price target from $246 to $345, maintaining an 'Overweight' rating. Bullish on AI computing rental demand and pricing power, the firm expects AI business revenue to reach approximately $260bn by 2027.

$SpaceX(SPCX.US)

Morgan Stanley maintained its 'Overweight' rating on SpaceX with a $300 price target. While acknowledging strong AI business growth, it noted that Starlink user growth missed expectations, and large-scale infrastructure construction may entail massive financing needs.

Barclays raised its SpaceX price target from $254 to $300, maintaining an 'Overweight' rating. Citing Q3 revenue and earnings beating estimates and improved AI growth prospects, the bank upgraded its future performance forecasts.

Wells Fargo raised its SpaceX price target from ~$214 to $274, maintaining an 'Overweight' rating. This adjustment primarily reflects growth in AI computing revenue, Starlink business development, and infrastructure expansion expectations.

Needham maintained a 'Buy' rating on SpaceX with a $250 price target. It expects existing AI computing contracts to contribute more revenue gradually in Q4, driving continued expansion of annualized revenue scale.

Macquarie maintained an 'Outperform' rating on SpaceX with a $250 price target. Bullish on the long-term growth potential of aerospace launches, Starlink satellite communications, and AI computing, it believes a diversified business layout could enhance overall valuation.

Clear Street raised its SpaceX price target from $217 to $248, maintaining a 'Buy' rating. Noting that Q3 results and FY2027 Q1 revenue guidance of $33bn-$37bn beat estimates, additional computing deployments are expected to further drive revenue growth.

Citi raised its SpaceX price target from $200 to $240, maintaining a 'Buy' rating. Believing core business performance generally beat estimates, it sees subsequent Starship flights and rocket reusability tech progress as potential new growth catalysts.

UBS raised its SpaceX price target from $210 to $230. With sustained strong demand for AI computing rentals and new contracts expected to contribute revenue, Starship tech progress is seen as supporting long-term growth.

TD Cowen raised its SpaceX price target from $200 to $224, maintaining a 'Buy' rating. Highlighting that AI contributed about three-quarters of Q3 incremental revenue, the firm upgraded its future revenue and EBITDA forecasts.

Mizuho raised its SpaceX price target from $200 to $205, maintaining an 'Outperform' rating. Acknowledging rapid AI growth and profit improvement, it remains cautious regarding massive capex and future earnings realization.

Susquehanna raised its SpaceX price target from $173 to $176, maintaining a 'Neutral' rating. While AI computing growth is strong, high uncertainty remains regarding data center expansion, financing needs, and Starship commercialization.