CFRA Reiterates Sell Rating on SpaceX with $115 Price Target
CFRA maintains its sell rating on SpaceX, setting a price target of $115, a 35.46% downside from the current price.
Key Points
- CFRA analyst Keith Snyder reiterated a sell rating on SpaceX with a $115 price target on June 12, 2026.
- CFRA's $115 price target implies 35.46% downside from Space Exploration Technologies Corp. Class A Common Stock's ($SPCX) current $178.19 share price.
- SpaceX shares are trading at $161.27 on the NasdaqGS with a market cap of over $2.1 trillion and a 52-week high of $176.52.
- Recent institutional activity shows several funds, including UBS Group and Morgan Stanley, have exited their positions in SpaceX.
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On June 12, 2026, CFRA analyst Keith Snyder reiterated a sell rating on Space Exploration Technologies Corp. (NasdaqGS: SPCX) with a price target of $115. This rating suggests that CFRA expects the stock to decrease from its current trading price of $161.27.
Other Institutional Activity in Space Exploration Technologies
Several institutional investors have recently exited their positions in Space Exploration Technologies. UBS Group AG reduced its holdings by 582 shares to zero, while North Star Investment Management Corp. also exited by selling 40 shares. GTS Securities LLC and CSS LLC/IL both eliminated their positions, selling 22,578 and 17,038 shares respectively. Morgan Stanley also closed out its small position.
Space Exploration Technologies Corp. Class A Common Stock Stock Up 25.9%
Shares of Space Exploration Technologies (NasdaqGS: SPCX) are trading at $161.27. The company boasts a market capitalization of approximately $2.11 trillion. Despite its large size, the firm is not currently profitable, with no meaningful forward P/E ratio due to negative earnings. The stock has a 52-week low of $149.34 and a high of $176.52. It has a 50-day moving average of $160.95 and a 200-day moving average also at $160.95.
$SPCX price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Space Exploration Technologies reported revenue of about $19.3 billion, reflecting a growth rate of 15.4%. However, the company is experiencing a negative net margin of approximately -45%, and its earnings per share (EPS) is -$0.68. The next earnings report is expected soon, although the exact date is not specified.
Analysts Set New Price Targets
On June 12, 2026, CFRA reiterated its sell rating on Space Exploration Technologies with a price target of $115. The broader analyst consensus remains positive overall, with a recommendation key of "buy" and a mean target price of $164 among five analysts.
About Space Exploration Technologies Corp.
Space Exploration Technologies Corp., commonly known as SpaceX, operates in the aerospace and defense sector. Based in Starbase, Texas, and led by CEO Mr. Michael Sagan, the company employs around 22,000 people. SpaceX provides satellite-based broadband services through its Starlink network and offers launch services using its Falcon and Starship rockets. The company also develops AI solutions and operates a real-time information platform.
Bottom Line
CFRA's reiterated sell rating on SpaceX highlights ongoing concerns about the stock's valuation relative to its fundamentals. With a significant market cap and a diverse range of operations, SpaceX remains a closely watched player in the aerospace industry. Investors should note that this analyst rating is a backward-looking assessment and may not reflect future market conditions or the company's current performance.
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