Bank of America reiterates its bullish stance on SpaceX, maintaining a target price of $235
2026-08-07 11:24:37
According to CoinMeta, Bank of America reiterates its bullish stance on SpaceX, maintaining a target price of $235, which represents an upside of approximately 87.5% from the post-fiscal report stock price of $125.33. Bank of America believes that AI's computing power business is the core of its long-term value and expects SpaceX AI's business to generate revenue of $24.5 billion in 2026, accounting for more than half of the annual revenue forecast of $46.9 billion. The bank also expects revenue to increase to $10.07 billion and $18.48 billion in 2027 and 2028, respectively. Bank of America has raised its earnings per share forecast for 2026 from a loss of $0.02 to a profit of $0.91, and to $3.19 and $7.29 per share for 2027 and 2028, respectively.
Source:Internet
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