Two major Wall Street banks, Mizuho and Morgan Stanley, have reaffirmed bullish outlooks on SpaceX stock (SPCX), with price targets significantly above current trading levels. Mizuho reiterated its buy rating and a $200 price target on September 25, implying about 35% upside from that day’s close of $148.68. Morgan Stanley maintained its Overweight rating and a $300 target, set in July, which represents roughly double the current price. A consensus of 28 out of 35 analysts rate SPCX a Buy, with an average target of $222.42, according to data compiled by Koyfin. The bullish sentiment is driven by SpaceX’s AI progress and premium compute pricing expectations through 2027.
Two major Wall Street banks have reaffirmed a bullish outlook on SpaceX stock (SPCX), citing strong growth drivers. Mizuho reiterated its buy rating and $200 price target on September 25, as stated, pointing to about 35% upside from the previous close. Morgan Stanley maintained its Overweight rating and a $300 target from July, which sits near double current levels.
The SPCX stock price closed at $148.68 on September 25, up 0.44% on the day, after trading between $146.00 and $149.67. It edged up to $148.75 in after-hours trading. A consensus of 28 out of 35 analysts covering SpaceX rate it a Buy, with an average price target of $222.42, according to Koyfin.
Mizuho analyst Brett Linzey said SpaceX can hold premium compute pricing into 2027. A separate hosting agreement, starting on December 1, could bring in roughly $1.11 billion a month. Mizuho also pointed to Grok model updates, noting they put the system closer to frontier peers.
“Our AI efforts are only 3 years old, vs 6 and 10 years old for Anthropic and OpenAI. If our second derivative remains strong, SpaceX will reach pole position in about 6 months,” said Elon Musk. He also expects SpaceX AI to hit Fable and GPT-6-level performance within two to three months.
Morgan Stanley analyst Adam Jonas kept a $300 target and a $600 bull case that would value SpaceX near $8 trillion. Its forecast of revenue rising toward $319 billion by 2030 underpins the long-term bullish view. “Our $600 bull case assumes faster execution across Starship, orbital compute, and Terafab, with AI more than 60% of valuation,” Jonas noted.
The SPCX stock sits above its $135 IPO price but well below the 52-week high of $225.64. Roughly 328.4 million shares came out of lockup on Thursday, with October tranches potentially testing short-term sentiment. Some traders turned cautious due to recent AI safety concerns, while SpaceX targets Starship Flight 14 for September 28. The near-term catalyst remains the compute and AI story into 2027.
