As Space Exploration Technologies Corp. (NASDAQ: SPCX) experienced a relief rally ahead of its first earnings report on August 4, several Wall Street analysts reiterated further upside for the next 12 months.
Kenneth Herbert, an analyst at RBC Capital, reiterated a ‘Buy’ rating for SpaceX stock. Herbert set the firm’s 12-month average price target for SPCX shares at $225, a potential 90% upside, as the company’s stock hovered at about $118.51 at press time.
The analyst expects SpaceX stock to experience headwinds resulting from upcoming share unlocks, as Finbold explained. Additionally, he noted that investors are focused on long-term challenges despite the company’s current valuation being attractive.
SpaceX stock price forecast 2026
On Monday, Charles Minervino, an expert at Susquehanna, maintained a ‘Hold’ rating for SpaceX. Minervino reaffirmed the firm’s 12-month price target for SPCX at $170, a rise of over 43%.
On August 3, Douglas Harned, an analyst at Bernstein, reiterated a ‘Buy’ rating for SpaceX stock. Harned set a 12-month price target of $239, hence signaling a possible 101.7% rally.
On the same day, Edison Yu, a market researcher at Deutsche Bank, reasserted a ‘Buy’ rating for this company. Yu also upheld the bank’s 12-month price target for SPCX stock at $225.
Meanwhile, Brian Dobson, a Wall Street analyst at Clear Street, stood by his ‘Buy’ rating and a 12-month price target of $217. Consequently, 31 analysts surveyed by TipRanks have set an average 12-month price target of $233.18, thereby expecting the SPCX share price to hit a new all-time high (ATH)
SPCX price outlook
After closing July at an all-time low of around $108.37, SPCX share price experienced a relief rally in August, trading at about $118.51 at the time of reporting. Over the past 24 hours, this stock has added over 6%, thereby increasing its market capitalization to $1.5 trillion.
Despite SpaceX stock trading 11% below its IPO (initial public offering) price, Wall Street analysts expect a bull rally over the next 12 months.
