Daiwa reiterates Neutral rating on SpaceX stock with $140 target
Daiwa Securities reiterated a Neutral rating and $140 price target on SpaceX (SPCX). The company reported Q3 2026 revenue of $14.6B (+161% YoY) and adjusted EBITDA of $8.8B (+306% YoY), exceeding expectations. The stock rose to $162.05, with a market cap of $2.2T. Analysts predict profitability this year, with EPS forecast at $0.29. Various analysts adjusted price targets and ratings post-results, ranging from $118 to $800. SpaceX and Tesla are exploring a potential merger.
How this was made
The 30-second read
Why it matters
Earnings beat fuels a short‑term rally but high valuation may limit upside.
Market read
The earnings surprise and aggressive guidance create immediate trading interest, especially for satellite and AI cloud exposure.
What to watch
Potential regulatory scrutiny of Starlink and AI cloud services could weigh on future earnings.
Background
SpaceX disclosed its Q3 2026 financials, including record revenue growth and guidance for FY 2027.
Ticker impact
SpaceX reported Q3 2026 results beating expectations with $14.6B revenue and $8.8B adjusted EBITDA, driving the stock to $162.05.
potential downside as the market prices in valuation concerns after the initial rally
The surprise earnings and aggressive guidance create immediate price movement, but analysts flag overvaluation, suggesting a pull‑back.
Market effects
Strong performance may boost the broader space and satellite services sector.
U.S. tech indices could see modest upside from the earnings surprise.
SpaceX's scale and AI cloud services keep global investors attentive.
Counterpoint
The stock may be overbought; a pull‑back could present a short opportunity.
Key entities
- companySpaceX
Commercial space launch and satellite services provider.
- analystDaiwa Securities
Reiterated Neutral rating with $140 target.
