SpaceX Draws Targets as High as $239 as Analysts See Up to 102% Upside
Updated
Updated · Finbold - Finance in Bold · Aug 4
SpaceX Draws Targets as High as $239 as Analysts See Up to 102% Upside
3 articles · Updated · Finbold - Finance in Bold · Aug 4
Summary
$118.51 SpaceX shares extended an August relief rally ahead of the company’s first earnings report on Aug. 4, after closing July at an all-time low near $108.37.
RBC kept a Buy rating with a $225 target—about 90% upside from current levels—while Bernstein reiterated $239, Deutsche Bank held $225, Clear Street kept $217, and Susquehanna maintained Hold at $170.
TipRanks data from 31 analysts put the average 12-month target at $233.18, implying a new all-time high even though the stock still trades about 11% below its IPO price.
Herbert at RBC said upcoming share unlocks could create headwinds, but analysts broadly argue the current valuation remains attractive despite investors’ focus on longer-term challenges.
Over the past 24 hours, the stock rose more than 6%, lifting SpaceX’s market capitalization to about $1.5 trillion and reinforcing expectations for a stronger 12-month run.