CFRA Rates Space Exploration Technologies (SPCX) sell

CFRA has reiterated its sell rating on Space Exploration Technologies Corp. with a price target of $115, a 40.17% downside from the current price.

By EarningsIQ Research Desk · Published Jun 12, 2026, 9:10 PM EDT · Updated Jun 18, 2026, 11:01 AM EDT

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CFRA rated Space Exploration Technologies Corp. ($SPCX) "sell" with a $115 price target on June 12, 2026.

Since the rating, $SPCX is down 4.0% after 1 week, down 13.6% after 1 month and down 9.3% to date (from the $160.95 close on Jun 12, 2026).

SPCX Space Exploration Technologies Corp.

$146.03 +11.38% past 3 months

Daily close · Oct 16, 2026

Key Points

CFRA reiterated its sell rating on SpaceX, setting a price target of $115, while the stock closed at $192.20 on June 12, 2026.
CFRA's $115 price target implies 40.17% downside from Space Exploration Technologies Corp.'s ($SPCX) current $192.20 share price.
SpaceX has a market cap of about $1.96 trillion and a forward P/E ratio of 74.76, but it reported a net margin of -35.7%.
Despite the sell rating from CFRA, other firms like Evercore ISI and TD Cowen maintain positive ratings with higher price targets.

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CFRA's Updated Rating on SpaceX

CFRA has reiterated its sell rating on Space Exploration Technologies Corp. (SPCX) with a price target of $115. The stock was trading at $192.20 on June 12, 2026. This decision comes amid a backdrop of mixed sentiments in the market regarding the company's future performance.

What CFRA's Call Means

The rating from CFRA reflects ongoing concerns about SpaceX's financial performance. The company's stock is currently priced significantly higher than the target set by CFRA. The firm did not provide a percent change as it is a reiteration of an existing rating rather than a new position.

Institutional Insights

While CFRA has a cautious outlook, other firms have expressed more optimism. For example, Evercore ISI Group maintains an Outperform rating with a raised price target of $275, up from $230, as of October 16, 2026. Similarly, TD Cowen has a Buy rating with a target of $200, indicating confidence in SpaceX's growth despite the mixed signals from CFRA. Barclays recently initiated coverage with an Overweight rating and a target of $254, further showcasing the varied opinions among analysts.

Stock Performance Context

SpaceX's shares are currently trading at $192.20, well above its 50-day moving average of about $146.72. The stock has fluctuated between $104.83 and $225.64 over the past year, indicating significant volatility. This positioning suggests that while some analysts remain optimistic, the broader market sentiment is more cautious, particularly from firms like CFRA.

12-month forecast

$SPCX price target

Space Exploration Technologies Corp. daily closes and this analyst's $115 target. Not advice.

Recent Earnings

SpaceX reported revenue of approximately $23.04 billion, reflecting a growth rate of 91.9%. However, it also posted an EPS of -$1.10 and a net margin of -35.6%, illustrating ongoing profitability challenges. The next earnings report is expected on November 3, 2026, which could provide further insights into the company's financial health.

What Space Exploration Technologies Corp. Does

Space Exploration Technologies Corp., based in Starbase, Texas, focuses on providing satellite-based broadband services and launching reusable rockets. The company's diverse operations span three segments: Space, Connectivity, and AI, which are critical to its long-term growth strategy. CFRA's continued sell rating highlights concerns about its financial trajectory, despite its ambitious projects and market potential.

What's Ahead for Space Exploration Technologies Corp.

With the next earnings report on November 3, 2026, investors will be keen to see if SpaceX can turn around its financial performance. The mixed analyst ratings suggest that while some view it as a strong investment, others remain skeptical. As always, remember that CFRA's rating reflects past performance and may not indicate future results.