Barclays has started covering SpaceX stock with an Overweight rating and a $254 price target for the next 12 months. The target suggests the stock could rise about 52% from its recent price of $167.20.
Barclays sees SpaceX as a major player in the aerospace and defense industries, with additional growth potential from artificial intelligence and data centers. The company may expand its AI infrastructure through a reported $40 billion debt deal, although the financing has not been confirmed.
On October 9, SpaceX shares rose in premarket trading after closing at $160.57 in the previous session. The company’s market value was estimated at around $2.1 trillion, while $171.66 was identified as a key resistance level.
Analysts have different views on the stock’s value. The average price target from 34 analysts is $215.72. The highest target is $450, while the lowest is $75. Barclays’ $254 target is above the current average, showing a more positive outlook than the broader analyst group.
SpaceX’s future performance may depend on growth in its core aerospace business, its plans for AI infrastructure, and how it manages the cost of expansion. Investors will also watch whether the stock can move above key resistance levels and maintain its recent momentum.
