Is SpaceX (SPCX) Stock a Buy After Climbing 18% in a Month?

TLDR

• SpaceX stock is trading at $147.95, up 18% over the past month and back above its IPO price of $135
• The median 12-month analyst price target is $216, a potential 46% gain from current levels
• Q2 revenue hit $7.81 billion, up 92% year over year, with earnings per share beating estimates by $0.17
• Bond Capital Management took a new $180.6 million position in SPCX, making it 59.2% of their portfolio
• A share unlock on September 9 could create short-term selling pressure

SpaceX (SPCX) stock is trading at $147.95, having climbed 18% over the past month. That move pushed it back above its IPO price of $135 after dipping as low as $104.83 during its short trading history.

Space Exploration Technologies Corp., SPCX

Of the 41 analysts covering the stock, the median 12-month price target sits at $216. That would represent a 46% gain from the September 4 closing price. The lowest target on record is $75, while the highest sits at $800, though most analysts view that upper figure as a longer-term possibility rather than a near-term one.

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