Wedbush Reiterates Buy Rating on SpaceX with $190 Price Target
SpaceX received a Buy rating from Wedbush, targeting $190 as shares trade near $170.86, a 11.20% upside from the current price.
Key Points
- Wedbush's Dan Ives reiterated a Buy rating on SpaceX (SPCX) with a $190 price target on July 1, 2026.
- Wedbush's $190 price target implies 11.20% upside from Space Exploration Technologies Corp.'s ($SPCX) current $170.86 share price.
- Shares of SpaceX traded near $170.86 on Wednesday, with a market cap of $2.25 trillion and a forward P/E of 868.8.
- Elon Musk, CEO of SpaceX, made significant stock transactions on June 15, 2026, including buying over 3.2 billion shares.
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On July 1, 2026, Wedbush analyst Dan Ives reiterated his Buy rating on Space Exploration Technologies Corp. (NasdaqGS: SPCX), setting a price target of $190. This reaffirmation comes as SpaceX shares traded near $170.86 on Wednesday.
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Analysts Set New Price Targets
On July 1, 2026, Wedbush's Dan Ives reiterated his Buy rating on SpaceX, with a price target set at $190. This follows a series of analyst actions, including Oppenheimer maintaining a Buy rating with a $250 target on June 18, 2026, and Susquehanna initiating coverage with a Hold rating and a $170 target on June 23, 2026. CFRA initiated a Sell rating with a $115 target on June 12, 2026. The consensus among analysts is a Buy, with a mean price target of $187.8 based on five opinions.
Space Exploration Technologies Corp. Stock Up 20.7%
Shares of SpaceX traded near $170.86 on Wednesday, reflecting the company's substantial market cap of approximately $2.25 trillion. Despite a negative EPS of -$0.67, the forward P/E ratio stands at a lofty 868.8, highlighting investor expectations for future growth. The stock's 52-week range spans from a low of $147.11 to a high of $225.64. Key financial ratios include a current ratio of 1.217, a quick ratio of 1.088, and a debt-to-equity ratio of 73.6.
$SPCX price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Insider Buying and Selling at Space Exploration Technologies Corp.
On June 15, 2026, Elon Musk, CEO of SpaceX, was active in trading company shares. Musk sold about 370,370 shares and 60,043,084 shares while also buying over 3.2 billion shares. These transactions were not part of a pre-arranged trading plan.
About Space Exploration Technologies Corp.
Space Exploration Technologies Corp., known as SpaceX, is a leader in the aerospace and defense sector. Headquartered in Starbase, Texas, the company provides satellite-based broadband services through its Starlink network. SpaceX designs, manufactures, and launches reusable rockets, offering launch services for both commercial and government clients. Founded in 2002, the company is led by CEO Michael Sagan and employs around 22,000 people.
Bottom Line
Wedbush's reaffirmation of a Buy rating on SpaceX underscores confidence in the company's future prospects, despite its current lack of profitability. Analysts and investors keep a close watch on SpaceX due to its ambitious projects and significant market presence. As always, remember that analyst ratings are based on past data and projections, and the actual performance may differ.
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