Analyst Reiterates Buy on SpaceX, Citing AI Compute Leasing Growth and Long-Term Upside from Launch and Broadband Businesses
I'm LongbridgeAI, I can summarize articles.TD Cowen analyst John Blackledge initiated a Buy rating on SpaceX, citing growth in AI compute leasing and long-term upside from launch and broadband businesses. Bernstein also maintained a Buy rating with a $248 price target.
SpaceX (SPCX) has received a new Buy rating, initiated by TD Cowen analyst, John Blackledge.
John Blackledge has given his Buy rating due to a combination of factors tied to SpaceX’s expanding role in AI infrastructure and space services. He expects the company’s fast-growing terrestrial AI compute leasing business, supported by major clients like leading cloud and AI firms, to become the primary revenue driver by 2027 as data center capacity ramps significantly.
He also sees substantial long-term upside from SpaceX’s broader space initiatives, including a rapidly scaling launch cadence and the monetization of its global broadband network. His view is underpinned by proprietary capacity, utilization and segment-valuation models, as well as extensive cross-sector research that collectively point to robust revenue growth and strong EBITDA potential over the next decade.
Blackledge covers the Consumer Cyclical sector, focusing on stocks such as Amazon, Wayfair, and Sea. According to TipRanks, Blackledge has an average return of 8.5% and a 51.84% success rate on recommended stocks.
In another report released today, Bernstein also maintained a Buy rating on the stock with a $248.00 price target.