Evercore ISI Group Raises SPCX Price Target to $275

Evercore ISI Group has reiterated its Outperform rating for Space Exploration Technologies Corp. with a new price target of $275, a 88.32% upside from the current price.

By TradeTexts Research Desk · Published Oct 16, 2026, 11:15 AM EDT · Updated Oct 17, 2026, 11:15 AM EDT

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Evercore ISI Group raised its price target on Space Exploration Technologies Corp. ($SPCX) to $275 from $230 on October 16, 2026, and rates the stock "Outperform".

SPCX Space Exploration Technologies Corp.

$146.03 +11.38% past 3 months

Daily close · Oct 16, 2026

Key Points

On October 16, 2026, Evercore ISI Group maintained its Outperform rating on Space Exploration Technologies Corp. with a revised price target of $275.
Evercore ISI Group's $275 price target implies 88.32% upside from Space Exploration Technologies Corp.'s ($SPCX) current $146.03 share price.
The stock recently traded around $144.68, which is about 35.9% below its 52-week high of $225.64.
The company's revenue for the trailing twelve months was approximately $23.0 billion, with a year-over-year growth rate of 91.9%.

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Evercore ISI Group reiterated its Outperform rating on Space Exploration Technologies Corp. (SPCX) on October 16, 2026, raising its price target from $230 to $275. The recent trading price for the stock was $144.68, reflecting a significant gap from the new target.

Analyst rating track record

Evercore ISI Group vs. the S&P 500

YTD return -8.20% hypothetical

All-time return -8.20% S&P 500 +3.57%

vs. S&P 500 -11.77% behind the index

Hypothetical returns from Evercore ISI Group's disclosed trades, not real profit or advice. How we model this.

Other Institutional Activity in Space Exploration Technologies Corp.

Several institutional investors have been active in Space Exploration Technologies Corp. Alphabet Inc. increased its holdings by 275,594,750 shares, bringing its total to 551,189,500 shares valued at approximately $80.5 billion. Valor Management LLC added 251,707,265 shares for a total of 503,414,530 shares worth about $73.5 billion. FMR, LLC grew its stake by 151,277,916 shares, ending with 302,555,831 shares valued at around $44.2 billion. Vy Capital Management Co. Ltd. also added 135,905,750 shares, totaling 271,811,500 shares worth about $39.7 billion. Lastly, Gigafund Management Company, LLC increased its position by 85,913,372 shares, bringing its total to 171,826,745 shares valued at approximately $25.1 billion.

Space Exploration Technologies Corp. Stock Down 4.0%

Currently, SpaceX's stock trades below both its 50-day and 200-day moving averages, about 1.4% and 0.6% below those levels, respectively. It is also 35.9% below its 52-week high of $225.64 but remains 38.0% above its 52-week low of $104.83. The average analyst price target is $221.26, indicating that the stock is trading below this mean target by about 34.6%.

12-month forecast

$SPCX price target

Space Exploration Technologies Corp. daily closes and this analyst's $275 target. Not advice.

Recent Earnings

For the trailing twelve months, Space Exploration Technologies Corp. reported $23.0 billion in revenue, showing a year-over-year growth rate of 91.9%. The company had a net margin of -35.7%, indicating ongoing challenges with profitability. The next earnings report is set for November 3, 2026.

Insider Buying and Selling at Space Exploration Technologies Corp.

Recent insider activity includes Chief Executive Officer Elon Musk, who sold 11,390 shares on April 2, 2026, for about $1.2 million at an average price of $105.32. President Gwynne E. Shotwell sold 342,170 shares on September 22, 2026, valued at approximately $52.5 million.

Analysts Set New Price Targets

On October 16, 2026, Evercore ISI Group maintained its Outperform rating and increased its price target to $275. Other firms have also provided updates, with Macquarie maintaining a target of $250, Susquehanna raising its target to $173, and Barclays initiating coverage with a target of $254. The consensus price target among analysts is $221.26, supporting a buy recommendation based on 31 opinions.

About Space Exploration Technologies Corp.

Space Exploration Technologies Corp., commonly known as SpaceX, provides satellite-based broadband services and operates in the aerospace and defense industry. The company designs and launches reusable rockets, making significant advancements in space travel and satellite technology. This rating update is crucial as it reflects analysts' confidence in SpaceX's growth potential amid its expanding operations.

Bottom Line

Investors should keep an eye on SpaceX's upcoming earnings report on November 3, 2026, as well as any further updates from analysts following this recent price target adjustment.