SpaceX Draws Wave of Price Target Hikes Led by Raymond James and JPMorgan

Wall Street analysts sharply raised valuation targets for SpaceX following strong operational momentum and blockbuster third-quarter financial results. Raymond James reiterated a Strong Buy rating with an $800 price target, stating it is nearly doubling forecasts through 2028. Earlier, JPMorgan lifted its target to $500 from $240 after SpaceX reported Q3 revenue of $14.58 billion and EPS of $0.45, beating consensus estimates of $12.72 billion and $0.13. Other banks also boosted targets, including Barclays to $300, Goldman Sachs to $245, Citi to $240, and UBS to $230.