Goldman Sachs analyst Eric Sheridan raised his 12-month price target for SpaceX (SPCX) to $230. The previous target was $220. He maintained a Buy rating.
The new target implies potential upside of 32.72% from SpaceX’s pre-market price of approximately $173.30 on October 6, 2026. The stock has rebounded more than 17% over the past five days.
Goldman raised its performance expectations for SpaceX’s artificial intelligence division. The firm increased its capacity, revenue and margin forecasts for 2026 through 2028.
Investor focus is reportedly shifting from SpaceX’s traditional launch infrastructure to its broader growth prospects, including orbital data centers and AI satellites. SpaceX’s Q2 2026 revenue grew 92% year over year, largely driven by its profitable Starlink segment.