SpaceX stock drops amid Ukraine connectivity dispute, AI sector pressure

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SpaceX (SPCX) PT Raised to $275 at Evercore ISI

October 16, 2026 5:31 AM EDT

Evercore ISI analyst Kutgun Maral raised the price target on SpaceX (NASDAQ: SPCX) to $275.00 (from $230.00) while maintaining a Outperform rating.

The analyst comments "We expect SPCXs 3Q26 print to be judged less on the quarter (where were ahead of the Street on revenue/EBITDA) than on five debates that should drive medium-term estimates and sentiment through year-end and into 2027. Inside this note, we unpack: (1) Whether SPCX exits 2026 at its $100bn+ ARR goal (we model $104bn); (2) How much compute it can bring online by YE-26 (were at 2.3 GW... More