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Bank of America Sets $275 Target for SpaceX

October 25, 2026

1 min read

Key Takeaways

Bank of America raised its SpaceX target to $275.
SpaceX posted $4.4 billion in net income for Q3.
Revenue rose 161.4% year-over-year to $14.58 billion.
Analysts have mixed views on the stock's potential.

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Strategic Implications

Bank of America's upgraded target may indicate growing confidence in SpaceX's growth potential, particularly in its AI computing business. This could suggest a shift in investor sentiment towards the company, which may lead to increased investment and further growth. However, the risks associated with the stock, including high capital spending and potential selling pressure, could also impact its performance.

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What Happened

Analyst Sees Significant Upside For Elon Musk's Venture

Bank of America has set a new target of $275 for SpaceX, citing the company’s strong quarterly performance and growth potential. SpaceX posted $4.4 billion in net income for Q3, with revenue rising 161.4% year-over-year to $14.58 billion. The company’s AI computing business, Super Intelligence, generated $7.6 billion in revenue and posted its first operating profit. The upgrade was reported by TheStreet, which noted that not all analysts share Bank of America’s enthusiasm for the stock.

Source | Originally Published: October 22, 2026

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