HSBC SpaceX · SPCX

HSBC Affirms Hold on SpaceX, $150 Price Target

October 21, 2026 Analyst: Nicolas Cote-Colisson 1 min read Reproduced verbatim
Rating
Hold
Unchanged
Target
$150
from $115 (+30%)
Outcome
Reached
on October 21, 2026
HSBC and SpaceX logos

What the analyst said

HSBC analyst Nicolas Cote-Colisson reiterated a Hold rating and $150 price target on SpaceX (NASDAQ: SPCX).

“Two key pieces of financial guidance: From the earnings call, the guidance given was: 1) Q4 capex of USD35-40bn compared to VA cons of USD30.3bn, i.e. +23.6% at the midpoint; and 2) Q1 revenues of USD33-37bn vs VA cons of USD23.1bn, i.e. +51.3% at the mid-point.

Elsewhere, management reiterated expectations for USD100bn ARR across all three segments during December 2026 (alongside ARR of USD500-1,000bn by end-2027).

Q4 gross margin should be closer to Q2 levels due to various one-off adjusting items in Q3.”

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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 $145. The 30 analysts who set a target in the last 3 months range from $75 to $800, with a median of $233. This $150 target is 35% below the median.

12-month window: day 1 of 365, closes on October 21, 2027.

Track record

This call✓ Target reached on October 21, 2026, 0 days after the note.

Firm track recordHSBC: 38% of its 8 targets at least a year old were reached within 12 months (#27 of 28 firms). Accuracy ranking →

Earnings reactionOne of 20 notes after SpaceX’s Oct 20 results: 10 of 20 raised targets. See every call →

HSBC on SpaceX

HSBC price targets on SpaceX

2 calls from July 23, 2026 to October 21, 2026. The target went from $115 to $150 (+30%). The rating stayed Hold.

HSBC targetSPCX share price
  1. October 21, 2026 This noteTarget raised from $115 (+30%)Hold$150
  2. July 23, 2026Earliest call shownHold$115
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Other analysts on SpaceX

BarclaysBuy Raised price target +18%, kept rating · Oct 22 $300from $254 Daiwa SecuritiesHold Kept rating and price target · Oct 21 $140maintained Raymond JamesBuy Kept rating and price target · Oct 21 $800maintained BernsteinBuy Kept rating and price target · Oct 21 $248maintained Piper SandlerHold Kept rating and price target · Oct 21 $140maintained
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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.