Bank of America raised its price target for SpaceX from $235 to $275 and reiterated a "Buy" rating.
Bank of America Securities analyst Ronald Epstein reiterated a "Buy" rating on SpaceX after the company's Q3 results exceeded expectations and strengthened its 2027 outlook. SpaceX completed 35 launches in Q3, including the 14th Starship flight which deployed 26 Starlink V3 operational satellites. Bank of America believes the upcoming 15th flight, expected next month, will be the next major catalyst, potentially paving the way for weekly Starship launches in the first half of 2027.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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