SPCX Stock Up Nearly 10% Since IPO — Analyst Sees 82% Upside Without Tesla Merger, Even If Revenue Misses Lofty Goals

Technology · First reported 27 Oct, 05:58 · Updated 08:24

Bernstein raised its SpaceX price target to $268 and maintained an Outperform rating, estimating 82% upside from current levels. Its outlook includes growing terrestrial computing capacity and does not assume a Tesla merger.

SPCX shares were reported 9% above their $135 IPO offer price after gaining nearly 10% since the IPO.
Bernstein raised its price target from $248 to $268, implying 82% upside, and maintained its Outperform rating.
Bernstein forecasts terrestrial computing capacity of 13 gigawatts by the end of 2027 and 20 gigawatts in 2028; its model assumes no Tesla merger or telecom-tower deal.