Quick Read – Evercore ISI initiated SPCX at Outperform with a $230 price target as the stock trades roughly 13% below its post-IPO peak. – Evercore projects SpaceX revenue and EBITDA compounding at 106% and 157% through 2028, arguing growth will accelerate rather than fade. -…
e $230 target raises the bull case ceiling, but Starlink scaling, launch cadence, and xAI integration still carry meaningful execution risk. – Evercore ISI has launched coverage on SpaceX (NASDAQ:SPCX) with an Outperform rating and a $230 price target, adding a high-profile bull voice just as the newly public shares cool off. The call lands with the stock down 13.27% over the past week and 13.55% over the past month, giving retirement-focused investors a fresh institutional data point to weigh against near-term volatility
The takeaway: Wall Street is beginning to formalize a long-duration bull case on SpaceX stock even after its post-IPO pullback. The Analyst’s Case Evercore ISI frames SpaceX as “an extraordinary company on a real path to reshaping the future of humanity”, while conceding there is “a great deal left to prove out” and that the feasibility of certain ambitions and timelines can be debated. That balance matters.
The firm is signaling conviction with acknowledged execution risk. The financial spine of the thesis is aggressive with Evercore modeling revenue and EBITDA compounding at 106% and 157% through 2028, and argues growth “can accelerate rather than fade as the decade wears on.” Those are Evercore’s numbers, not ours, but they explain how the firm justifies its $230 target on a stock this large. General Motors, POSCO, and 50,000+ everyday investors have already backed lithium producer EnergyX.