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Closed: Sep 29, 16:00:00 (EDT)SpaceX Stock (SPCX) Forecast – Here's Why UBS Expects a Strong Q3
Tip Ranks·- UBS analyst John Hodulik reiterated a buy rating on SpaceX stock with a price target of 210 dollars, anticipating a strong third quarter. - He projects third-quarter revenue of 13.8 billion dollars and an adjusted EBITDA of 7.5 billion dollars, driven by AI computing deals and increased launch activity. - Wall Street maintains a consensus moderate buy rating on the stock with an average target price of 233.10 dollars.Analyst Reiterates Buy on SpaceX, Citing AI Compute Leasing Growth and Long-Term Upside from Launch and Broadband Businesses
Tip Ranks·- TD Cowen analyst John Blackledge initiated a buy rating for SpaceX with a target supported by its expanding roles in AI infrastructure and space services. - The analyst projects that the company's ground AI computing power leasing business will become a major revenue driver by 2027. - Additionally, Bernstein maintained its buy rating on the stock with a target price of 248.00 dollars.Stock Futures Rise as Treasury Yields and Oil Prices Ease
Tip Ranks·- U.S. stock futures rose on Tuesday morning alongside declining Treasury yields and lower oil prices. - The 10-year Treasury yield fell over 2.5 basis points to trade near 5.217 %, while major stock index futures advanced. - Key market movements included Fair Isaac dropping 18 % following mortgage pricing changes, SpaceX rising 1 % after a Buy rating, and AMD gaining over 1 % following an $8.2 billion acquisition of World Labs.