Wells Fargo SpaceX · SPCX

Wells Fargo Lowers SpaceX Price Target to $215

Analyst: Ken Gawrelski 1 min read Reproduced verbatim
Rating
Overweight
Target
$215
from $230 (−7%)
Upside
+74%
SPCX at $124 today
Wells Fargo and SpaceX logos

What the analyst said

Wells Fargo analyst Ken Gawrelski lowered the price target on SpaceX (NASDAQ: SPCX) to $215 (from $230) while maintaining an Overweight rating.

Disclaimer
The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.

This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.

Where the price stands

SPCX trades at $124. The 29 analysts who set a target in the last 3 months range from $75 to $800, with a median of $230. This $215 target is 7% below the median.

Since the note SPCX has moved −1% (from $125). 12-month window: day 92 of 365, closes on August 5, 2027.

Track record

This callOpen: SPCX has not reached $215 yet. This 12-month target is scored on August 5, 2027.

Firm track recordWells Fargo: 65% of its 34 targets at least a year old were reached within 12 months (#21 of 26 firms). Accuracy ranking →

Earnings reactionOne of 13 notes after SpaceX’s Aug 4 results: 1 raised · 2 cut · 8 kept. See every call →

Wells Fargo on SpaceX

Wells Fargo price targets on SpaceX

4 calls from July 7, 2026 to October 21, 2026. The target went from $230 to $274 (+19%). The rating stayed Buy.

Wells Fargo targetSPCX share price
  1. October 21, 2026Target raised from $212 (+29%)Buy$274
  2. September 8, 2026Target cut from $215 (−1%)Buy$212
  3. August 5, 2026 This noteTarget cut from $230 (−7%)Buy$215
  4. July 7, 2026Earliest call shownBuy$230
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Other analysts on SpaceX

Bank of AmericaBuy Kept rating and price target Oct 27 $275maintained Yorkville IvesBuy Kept rating and price target Oct 26 $225maintained BernsteinBuy Raised price target +8%, kept rating Oct 26 $268from $248 Bank of AmericaBuy Raised price target +17%, kept rating Oct 22 $275from $235 BarclaysBuy Raised price target +18%, kept rating Oct 22 $300from $254
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.