SpaceX (SPCX) PT Raised to $224 at TD Cowen

TD Cowen analyst Gregory Williams raised the price target on SpaceX (NASDAQ: SPCX) to $224.00 (from $200.00) while maintaining a Buy rating.

The analyst commented: "Super Intelligence Inflection Point Drives Broad Beat; SpaceX top line & EBITDA came in ahead at Space, Connectivity, and Super Intelligence (SI) segments, led by 195% q/q growth at SI amid historical infrastructure buildout. Mgmt. reiterated '26 ARR bogey ($100BN by YE26). We raised rev & EBITDA ests 21% & 26% annually (on avg) '26-'31, led by SI; our Sum-of-the Parts-based PT goes to $224 from $200; maintain Buy. Stock +9% AH."

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