Inasmuch as Space Exploration Technologies Corp. (NASDAQ: SPCX) stock rebounded by more than 17% over the past five days, trading at approximately $173.30 during the pre-market session for October 6, 2026, Eric Sheridan, a Wall Street analyst at Goldman Sachs Group Inc. (NYSE: GS), expects a rally towards a new all-time high (ATH) by October 6, 2027.
Sheridan raised the bank’s 12-month price target for SpaceX stock to $230 from $220, representing a 4.55% change. However, he maintained his SPCX rating of ‘Buy’.
As such, this analyst signals a possible 32.72% upside for SPCX over the next 12 months.
This upward adjustment for SpaceX stock stems directly from the company’s higher performance expectations in the Artificial Intelligence (AI) segment, with capacity, revenue, and margin forecasts systematically increased for financial years 2026 through 2028.
“The analyst highlights high-level execution, stronger AI forecasts, and expanding long-term Space opportunities,” Goldman Sachs noted.
SpaceX stock price prediction
In addition to Goldman Sachs, Adam Jonas, a Wall Street analyst at Morgan Stanley (NYSE: MS), has reiterated a ‘Buy’ rating for SpaceX stock over the next 12 months, as Finbold reported.
As a result, 33 analysts surveyed by TipRanks over the past three months have set an average price target for SpaceX stock at $235.10, which also signals a possible rally towards a new ATH by the fourth quarter of 2027.
Here is SPCX price performance
Since its IPO (initial public offering), SPCX price has rallied over 26%. At the time of reporting, this company had a market capitalization of roughly $2.3 trillion.
The recent SPCX price surge is supported by the company’s strong fundamentals, including Starship growth and rising demand for its AI-related products, as Finbold explained.
Consequently, Wall Street analysts are more confident that the recent SPCX price rally is not a dead-cat bounce.
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