What the analyst said
Stifel analyst Jonathan Siegmann reiterated a Buy rating and $190 price target on SpaceX (NASDAQ: SPCX).
“SpaceX significantly exceeded estimates across the board in its inaugural quarterly report as a public company.
Revenue grew rapidly across all segments (+92% y/y) and beat Street estimates by ~15%, driven by new Cloud Service Agreements ($1.6B in 2Q). Adj.
EBITDA also beat expectations by a full 77%, as AI contributed a positive $1.15B in the quarter versus expectations for a loss.
Key highlights from the call include a payback period of <1 year driving accelerated compute capex, accelerating Starlink subscriber growth, and Starship Flight 14 tentatively scheduled for the end of the month.
Skeptics will push back that planned capex is higher (2H outlook ~2x prior estimates), but we believe this all reflects the red-hot AI data capacity demand signal — you’ve got to spend money to make money, and SpaceX is accelerating its capacity investments accordingly.
We reiterate our Buy rating and $190 target price.”
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Where the price stands
SPCX trades at $142. The 29 analysts who set a target in the last 3 months range from $75 to $800, with a median of $240. This $190 target is 21% below the median.
Since the note SPCX has moved +13% (from $125). 12-month window: day 96 of 365, closes on August 5, 2027.
Track record
This callOpen: SPCX has not reached $190 yet. This 12-month target is scored on July 7, 2027. Same target as this firm’s July 7, 2026 note, so it is scored there.
Firm track recordStifel: 83% of its 42 targets at least a year old were reached within 12 months (#6 of 26 firms). Accuracy ranking →
Stifel on SpaceX
Stifel price targets on SpaceX
5 calls from July 7, 2026 to November 9, 2026. The target stayed at $190. The rating stayed Buy.
- November 9, 2026Kept the $190 targetBuy$190
- October 21, 2026Kept the $190 targetBuy$190
- October 12, 2026Kept the $190 targetBuy$190
- August 5, 2026 This noteKept the $190 targetBuy$190
- July 7, 2026Earliest call shownBuy$190
Other analysts on SpaceX
Deutsche BankBuy
Kept rating and price targetReiterated · Nov 6
$250maintained
Morgan Stanley
Kept rating and price targetReiterated · Nov 4
$300maintained
Bank of AmericaBuy
Kept rating and price targetReiterated · Oct 27
$275maintained
Yorkville IvesBuy
Kept rating and price targetReiterated · Oct 26
$225maintained
BernsteinBuy
Raised price target +8%, kept ratingRaised target · Oct 26
$268from $248+8%