Barclays initiates coverage of Space Exploration Technologies at Overweight
Fintel reports that on October 9, 2026, Barclays initiated coverage of Space Exploration Technologies (NASDAQGS:SPCX) (XTRA:SPX) with a Overweight recommendation. The pre-action close for the stock on October 8, 2026, was $160.57. Space Exploration Technologies has seen its share price change by +8.44% over a one-week period, compared to a baseline close of $148.07 on October 1, 2026. Over a one-month period, the stock's price change was +4.63% from a baseline close of $153.47 on September 8, 2026. The latest close on October 8, 2026, was also recorded at $160.57.
On the same day as the Barclays initiation, October 9, 2026, there were 2 total rating actions, which included 1 initiation and 1 maintained action. Specifically, TD Cowen reiterated its Buy rating with a to-rating of Buy. Looking at other recent rating actions, Susquehanna maintained its Neutral rating with a to-rating of Neutral on October 7, 2026. On September 30, 2026, Macquarie maintained its Outperform rating with a to-rating of Outperform. Prior to that, TD Cowen initiated coverage with a Buy rating on September 29, 2026, and CLSA initiated coverage with an Outperform rating on September 28, 2026. Deutsche Bank also reiterated its Buy rating with a to-rating of Buy on September 28, 2026.
Separate from Barclays' individual rating, the current consensus target mean for the stock was $232.82 as of October 2, 2026, with a median target of $221.34. This mean target represents an implied change of +45.00% from the stock's recent valuation. The prior consensus target mean was $235.49 as of September 15, 2026, representing a consensus target revision of -1.13%. In terms of aggregate analyst recommendations, the current recommendation period as of September 1, 2026, shows a total of 43 recommendations, consisting of 13 strong buy, 21 buy, 7 hold, 1 sell, and 1 strong sell ratings. This represents 79.1% positive, 16.3% hold, and 4.7% negative recommendations. In the prior period as of August 1, 2026, there were 40 total recommendations, including 12 strong buy, 20 buy, 7 hold, 1 sell, and 0 strong sell ratings, which represented 80.0% positive, 17.5% hold, and 2.5% negative recommendations.
The company's latest earnings were reported on August 4, 2026. During this period, Space Exploration Technologies reported an actual EPS of -0.09, compared to an estimated EPS of -0.2635. The actual revenue for the quarter was $7,814,000,000.00, which was above the estimated revenue of $7,072,528,999.00. The company's upcoming earnings date is scheduled for November 5, 2026.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| October 9, 2026 | Barclays | Overweight | initiated coverage | |
| October 9, 2026 | TD Cowen | Buy | Buy | reiterated |
| October 7, 2026 | Susquehanna | Neutral | Neutral | maintained |
| September 30, 2026 | Macquarie | Outperform | Outperform | maintained |
| September 29, 2026 | TD Cowen | Buy | initiated coverage | |
| September 28, 2026 | CLSA | Outperform | initiated coverage | |
| September 28, 2026 | Deutsche Bank | Buy | Buy | reiterated |
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This story originally appeared on Fintel.