BOFA RAISES SPACEX ($SPCX) PRICE TARGET TO $275 FROM $235BofA Securities analyst Ronald Epstein reiterated Buy after Spa | Hanami
BOFA RAISES SPACEX ($SPCX) PRICE TARGET TO $275 FROM $235
BofA Securities analyst Ronald Epstein reiterated Buy after SpaceX beat Q3 expectations and strengthened its 2027 outlook.
SpaceX completed 35 launches in Q3, including Starship Flight 14, which deployed 26 operational Starlink V3 satellites.
BofA sees Flight 15, expected next month, as the next major catalyst, potentially paving the way for weekly Starship launches in H1 2027.(Historical earnings: For 2026Q2 (period ended 2026-06-30), SpaceX reported basic and diluted EPS of -1.12, net loss of USD 4.817 billion, and revenue of USD 12.508 billion.
Consensus expectations: For 2026Q3, consensus expects EPS of 0.1674 and revenue of USD 12.978 billion.)