Barclays Initiates SpaceX at Overweight With $254 Target Amid Wave of Bullish Upgrades

Barclays initiated coverage of SpaceX with an Overweight rating and a $254 price target, implying a 51.91% upside with shares trading near $167.20. The initiation follows a wave of positive Wall Street updates across October. Morgan Stanley reiterated a Buy/Overweight stance with a $300 target, while Goldman Sachs raised its target to $230 from $220 and Susquehanna lifted its target to $173 from $144. Across 34 analysts surveyed by TipRanks, the average 12-month target stands at $215.72, boosted by expanding AI infrastructure plans and Starlink growth.