Evercore ISI initiates SpaceX at Outperform with $230 price target
Per Evercore ISI's Kutgun Maral: SpaceX's post-IPO slide makes the upside 'too compelling to ignore.'
what happened
Evercore ISI initiated coverage of SpaceX (Nasdaq: SPCX) with an Outperform rating and a $230 price target, about 65% above the stock's July 13 close of $139.14, per Investing.com and Yahoo Finance. Analyst Kutgun Maral called SpaceX 'an extraordinary company on a real path to reshaping the future of humanity' and modeled revenue and EBITDA compounding at 106% and 157% respectively through 2028.
why it matters
The call comes with SpaceX trading near its 52-week low about a month after its Nasdaq IPO. It is one bank's bullish read, not a fact about SpaceX's underlying business, but it is a data point for anyone pricing SpaceX-linked equity, debt, or supplier equity comp while the stock is under pressure.
signal-to-noise
quick facts
- Companies
- SpaceX
- Category
- financial
- Impact
- notable
- SNR
- 4 / 5
- Event date
- 2026-07-14
- Published
- 2026-07-14 17:37 UTC