Evercore ISI Raises SpaceX Price Target to $275 Before November Results

Evercore ISI raised its SpaceX price target to $275 from $230 ahead of the company's third-quarter financial results, expected in early November, and pointed to Starship reuse as a near-term milestone. The firm has an Outperform rating on SpaceX. Analyst Kutgun Maral sees upcoming Starship flights as an opportunity to show the vehicle can be reused, a proof point he believes could clarify the company's longer-term prospects. Maral expects the quarterly report to matter less for its immediate results than for debates about medium-term estimates and investor sentiment through the end of 2026 and into 2027. The firm highlighted several satellite deployments using Starship as potential catalysts next year.

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