Phillip Securities upgrades SpaceX to Buy and lifts target to $250
Phillip Securities moved SpaceX from Sell to Buy and raised its price target to $250 from $75, citing compute economics, per gurufocus.com.
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what happened
Phillip Securities upgraded SpaceX by two notches, moving the stock from Sell straight to Buy, according to gurufocus.com. The price target rose to $250 from $75. Shares traded at $147.07, up 1.61%, at 9:55 a.m. ET, which leaves the new target roughly 70% above that level, a shift in expectations the source calls substantial.
The thesis rests on compute economics. Per TipRanks' summary of the research note, Phillip expects demand to exceed available capacity, with contract renewals lifting the price paid per watt. The analyst believes new capacity can repay its cost in under a year.
The same gurufocus.com piece points to a more cautious picture: a GF Score of 15 out of 100 and a market capitalization of $1.97 trillion.
why it matters
Investors will be watching three variables: what clients pay for capacity, how fast new capacity gets booked, and how long the build-out takes to generate returns. A higher target does not by itself settle the valuation question. The real test is whether better pricing turns into steady cash flow.
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sources
- SpaceX Stocks Rise as Phillip Lifts Price Target to $250 From $75 — gurufocus.com, 23 October 2026 at 18:22 UTC
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