SPCX Stock Surges as Mizuho and Morgan Stanley Turn Bullish
SPCX stock surges as major Wall Street institutions Mizuho and Morgan Stanley issue bullish ratings and high price targets, driven by strong AI developments and upcoming catalysts.
Is SPCX stock bullish right now? Two major Wall Street institutions say yes. On September 25, Mizuho reaffirmed its buy rating and $200 price target on SpaceX, following an earlier Overweight rating from Morgan Stanley. Mizuho’s target suggests roughly 35% upside, whereas Morgan Stanley’s $300 target, issued in July, stands at about double the current trading level. SPCX shares finished that session up 0.44% at $148.68, leaving substantial room beneath both banks’ price targets.
Also Read: SpaceX Stock Price Prediction: SPCX Eyes a Breakout Above $155
SPCX Stock: Bullish Outlook Builds on Morgan Stanley and Mizuho
The broader Wall Street sentiment largely aligns with this positive outlook; data from Koyfin shows that 28 out of 35 analysts covering SpaceX rate it a Buy, yielding a consensus price target of $222.42.
Mizuho Sees Premium Compute Pricing Into 2027
Mizuho analyst Brett Linzey maintained his $200 target, arguing that SpaceX can sustain premium compute pricing through 2027. Additionally, a separate hosting agreement is scheduled to commence on December 1, potentially generating approximately $1.11 billion per month.
Mizuho also highlighted recent updates to the Grok model that bring the system closer to frontier competitors, reinforcing the bank’s bullish stance on SPCX stock.
Elon Musk offered the following perspective:
“Our AI efforts are only 3 years old, vs 6 and 10 years old for Anthropic and OpenAI. If our second derivative remains strong, SpaceX will reach pole position in about 6 months.”
Musk further stated that he anticipates SpaceX AI achieving performance comparable to Fable and GPT-6 within two to three months, remarks that continue to fuel bullish sentiment among traders.
Morgan Stanley Points To $300 And A $600 Bull Case
Adam Jonas leads coverage for Morgan Stanley’s SPCX stock evaluation introduced in July, retaining an Overweight rating alongside a $300 target and a $600 bull case that would value SpaceX close to $8 trillion. Long-term investors remain bullish due to forecasts projecting revenue growth toward $319 billion by 2030.
Adam Jonas noted:
“Our $600 bull case assumes faster execution across Starship, orbital compute, and Terafab, with AI more than 60% of valuation.”
SpaceX Shares Close At $148.68
On September 25, the SPCX stock price fluctuated between $146.00 and $149.67 before closing up 0.44% at $148.68, later inching up to $148.75 in after-hours trading. While remaining above its $135 IPO price, the stock trades well below its 52-week high of $225.64. Furthermore, roughly 328.4 million shares exited lockup on Thursday, and upcoming October tranches could test near-term bullish conviction.
Some market participants dialed back their bullish outlook as recent rallies cooled amid AI safety concerns, while SpaceX prepares to launch Starship Flight 14 for its next test on September 28.
At present, bullish investors are focusing on two primary milestones: Mizuho’s nearer-term $200 price target and Morgan Stanley’s $300 target established in July. Whether SPCX reaches those levels, and how price targets evolve, will largely depend on compute and AI developments leading into 2027.
