Argus Research upgraded SpaceX to Buy from Hold on Aug. 7, setting a $160 price target after the company's revenue reached $7.8 billion, up 92% year over year, with a projected revenue run rate near $100 billion by end-2026. The stock trades near $110 after a volatile post-IPO period.
Argus Research upgraded SpaceX to Buy from Hold on Aug. 7, assigning a $160 price target to the stock. The independent equity research firm cited revenue of $7.8 billion, up 92% year over year, and projected a revenue run rate approaching $100 billion by the end of 2026.
SpaceX has traded around $110 since its June 2026 IPO, a period marked by sharp swings in the share price. Argus said the upgrade reflects confidence in the company's long-term growth across launch services, the Starlink satellite network and AI infrastructure integration.
Risks include rising AI-related spending and share-price volatility, but Argus remains positive on SpaceX's operational performance and outlook. That view aligns with the broader buy rating trend among Wall Street institutions covering the stock.
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