Goldman Sachs Raises SpaceX Price Target to $230

Goldman Sachs analyst Eric Sheridan raised the price target on SpaceX (NASDAQ: SPCX) to $230 (from $220) while maintaining a Buy rating.

“Ahead of its Q3 2026 earnings report, we take the opportunity to refresh and raise our AI segment forecasts (across capacity, revenue & margins) on the back of company deal activity, recent public statements and progress with key enterprise use cases and model developments.

With the company continuing to execute at a high level, we also look to frame potential compute monetization scenarios across FY26-28 and believe that AI segment estimates still look relatively conservative (relative to Street estimates) over the next 6-18 months absent a correction across the broader AI operating landscape.

In addition, for the Space segment – we address recent news flow and reflect on how it might impact the company’s long-term opportunities as launch cadence and reusability continue to scale in the coming years.

We reiterate our Buy rating and raise our 12-month price target from $220 to $230 for SpaceX shares.”

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.