Mizuho Raises SpaceX Price Target to $205
- Rating
- Buy
- Target
- $205
- from $200 (+2%)
- Upside
- +26%
- SPCX at $163 today
What the analyst said
Mizuho analyst Brett Linzey raised the price target on SpaceX (NASDAQ: SPCX) to $205 (from $200) while maintaining an Outperform rating.
“Strong 3Q with revenue of $14.6B up 161% Y/Y and adjusted EBITDA of $8.8B up 306% Y/Y, well ahead of consensus at $12.9B and $6.6B and our $13.7B and $6.1B.
Super Intelligence (SI, formerly AI) drove the upside with $7.6B revenue and $5.0B EBITDA ($1.1B in Q2).
Mgmt raised the 2027 compute path to ~13GW cumulative from 5-10GW, underpinned by a 20GW power and cooling buildout, with incremental compute contracts now above $50/watt.
1Q27 revenue was guided to $33-37B (vs. $23B consensus) with 4Q CapEx of $35-40B.
Connectivity accelerated to 69% Y/Y with ARPU up 5% Q/Q to $69, offsetting lighter net adds of 1.6M, and new 800MHz spectrum advances a more direct mobile strategy.
Incrementally constructive, raising ’26/27/28E adj. EBITDA to $26.9B (from $20.5B); 2027E to $100.5B (from $64.2B), 2028E to $154.0B. PT to $205 (from $200) on higher estimates. Reiterate OP rating.”
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Where the price stands
SPCX trades at $163. The 29 analysts who set a target in the last 3 months range from $75 to $800, with a median of $235. This $205 target is 13% below the median.
12-month window: day 0 of 365, closes on October 21, 2027.
Track record
This callOpen: a 12-month target, scored on October 21, 2027, a year after the note.
Firm track recordMizuho: 93% of its 40 targets at least a year old were reached within 12 months (#5 of 28 firms). Accuracy ranking →
Mizuho on SpaceX
Mizuho price targets on SpaceX
6 calls from July 7, 2026 to October 21, 2026. The target went from $200 to $205 (+2%). The rating stayed Buy.
- October 21, 2026 This noteTarget raised from $200 (+2%)Buy$205
- September 29, 2026Kept the $200 targetBuy$200
- September 25, 2026Kept the $200 targetBuy$200
- August 14, 2026Kept the $200 targetBuy$200
- August 5, 2026Kept the $200 targetBuy$200
- July 7, 2026Earliest call shownBuy$200
Other analysts on SpaceX
SusquehannaHold
Raised price target +2%, kept rating · Oct 21
$176from $173
Goldman SachsBuy
Raised price target +7%, kept rating · Oct 21
$245from $230
JP MorganBuy
Raised price target +108%, kept rating · Oct 21
$500from $240
RBC CapitalBuy
Kept rating and price target · Oct 21
$225maintained
TD CowenBuy
Raised price target +12%, kept rating · Oct 21
$224from $200