Bank of America reaffirms its bullish outlook on SpaceX, maintaining a $235 price target, representing approximately an 87.5% upside from the post-earnings reference price of $125.33. Bank of America believes AI computing services are the core of long-term value, projecting SpaceX’s AI business revenue to reach $24.5 billion in 2026, accounting for more than half of the full-year revenue forecast of $46.9 billion. The bank expects AI revenue to rise to $100.7 billion in 2027 and $184.8 billion in 2028. Bank of America has raised its 2026 EPS forecast from a loss of $0.02 to a profit of $0.91, and increased its 2027 and 2028 EPS forecasts to $3.19 and $7.29, respectively.
Morgan Stanley Reiterates Bullish Outlook on SpaceX, Maintains $235 Price Target
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Summary
Morgan Stanley has reaffirmed its bullish outlook on SpaceX, maintaining a $235 price target. The bank views the company’s AI computing business as a key long-term value driver, with AI revenue expected to reach $24.5 billion in 2026. Total revenue is forecasted at $46.9 billion in 2026, rising to $100.7 billion in 2027 and $184.8 billion in 2028. Earnings per share are projected to improve from a $0.02 loss in 2026 to $0.91 in 2027, $3.19 in 2028, and $7.29 in 2029. The updated figures reflect a strong market outlook for the company.
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