SPCX Stock Surges as Mizuho and Morgan Stanley Turn Bullish

Is SPCX stock bullish right now? Two big Wall Street banks say yes, after Mizuho reiterated its buy rating and $200 price target on SpaceX on September 25, following an Overweight call from Morgan Stanley. Mizuho’s SpaceX stock target points to about 35% upside, while the $300 target on SPCX stock Morgan Stanley set in July sits at roughly double current levels. The SPCX stock price closed 0.44% higher at $148.68 that day, and the two banks’ SpaceX stock price target calls leave a lot of room above that level.

Also Read: SpaceX Stock Price Prediction: SPCX Eyes a Breakout Above $155

SPCX Stock: Bullish Outlook Builds on Morgan Stanley and Mizuho

Most of Wall Street also sees SPCX stock bullish, as 28 of the 35 analysts covering SpaceX rate it a Buy, with a consensus SpaceX stock price target of $222.42, according to Koyfin.

Mizuho Sees Premium Compute Pricing Into 2027

Mizuho analyst Brett Linzey kept the $200 target and said SpaceX can hold premium compute pricing into 2027. A separate hosting agreement should also start on December 1, and it could bring in roughly $1.11 billion a month.

Mizuho’s SpaceX stock call also pointed to Grok model updates that the bank said put the system closer to frontier peers, another reason the bank sees SPCX stock bullish.

Elon Musk had this to say:

“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 also said he expects SpaceX AI to hit Fable and GPT-6-level performance within two to three months, and comments like that keep traders calling SPCX stock bullish.

Morgan Stanley Points To $300 And A $600 Bull Case

Adam Jonas leads the coverage of SPCX stock Morgan Stanley launched in July, and he kept an Overweight rating and a $300 target, plus a $600 bull case that would value SpaceX near $8 trillion. Its forecast of revenue rising toward $319 billion by 2030 is why longer-term holders rate SPCX stock bullish.

Adam Jonas had this to say:

“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, up 0.44% on the day, after swinging between $146.00 and $149.67. It edged up to $148.75 in after-hours trading. The stock still sits above the $135 IPO price, but it is well below its 52-week high of $225.64. Roughly 328.4 million shares also came out of lockup on Thursday, and October tranches could test anyone reading SPCX stock bullish short term.

Some traders stopped seeing SPCX stock bullish when the rally faded recently over AI safety concerns, and SpaceX is targeting Starship Flight 14 for September 28 as the next test.

For now, anyone who sees SPCX stock bullish has two numbers to watch. The Mizuho SpaceX stock target of $200 is the nearer marker, while the bigger one is the $300 target for SPCX stock Morgan Stanley has kept since July. Whether the SPCX stock price gets there, and whether any SpaceX stock price target moves, likely depends on the compute and AI story into 2027.