Is SPCX stock bullish right now? Two major Wall Street institutions say yes. On September 25, Mizuho reiterated its buy rating and $200 price target on SpaceX, following an Overweight call from Morgan Stanley. Mizuho’s target implies about 35% upside, whereas Morgan Stanley’s $300 target—issued in July—rests at approximately double current levels. The SPCX stock price finished that session up 0.44% at $148.68, leaving ample room between the market price and both banks’ targets.
Also Read: SpaceX Stock Price Prediction: SPCX Eyes a Breakout Above $155
SPCX Stock: Bullish Outlook Builds on Morgan Stanley and Mizuho
The broader Wall Street sentiment remains largely positive, with 28 out of 35 analysts covering SpaceX rating it a Buy and establishing a consensus SpaceX stock price target of $222.42, according to Koyfin.
Mizuho Sees Premium Compute Pricing Into 2027
Mizuho analyst Brett Linzey maintained his $200 target, noting that SpaceX can sustain premium compute pricing through 2027. Additionally, a separate hosting agreement is scheduled to begin on December 1, potentially generating approximately $1.11 billion per month.
Mizuho’s assessment also highlighted updates to the Grok model, which the bank argues brings the system closer to frontier competitors, reinforcing its bullish stance on SPCX stock.
Elon Musk offered the following perspective:
“Our AI efforts are only 3 years old, vs 6 and 10 years old for Anthropic and OpenAI. If our second derivative remains strong, SpaceX will reach pole position in about 6 months.”
Musk further stated that he anticipates SpaceX AI achieving Fable and GPT-6-level performance within two to three months, remarks that continue to fuel bullish sentiment among traders.
Morgan Stanley Points To $300 And A $600 Bull Case
Adam Jonas leads the coverage for Morgan Stanley, which initiated coverage on SPCX stock in July with an Overweight rating and a $300 target, alongside a $600 bull case that would value SpaceX close to $8 trillion. Forecasts projecting revenue growth toward $319 billion by 2030 continue to support long-term bullish outlooks.
Adam Jonas remarked:
“Our $600 bull case assumes faster execution across Starship, orbital compute, and Terafab, with AI more than 60% of valuation.”
SpaceX Shares Close At $148.68
The SPCX stock price closed at $148.68 on September 25, marking a 0.44% daily gain after trading between $146.00 and $149.67. It ticked up slightly to $148.75 in after-hours action. While holding above its $135 IPO price, the stock trades well under its 52-week high of $225.64. Furthermore, approximately 328.4 million shares exited lockup on Thursday, and upcoming October tranches could test short-term bullish conviction.
Some traders tempered their optimism when the recent rally lost momentum amid AI safety discussions, while the company prepares for Starship Flight 14 on September 28.
For now, bulls are monitoring two primary figures: Mizuho’s near-term SpaceX stock target of $200 and Morgan Stanley’s $300 target established in July. Whether SPCX reaches these levels—and whether targets are adjusted—will likely depend on developments in compute and AI through 2027.