Brett Lindsey, a Wall Street analyst at Mizuho Securities, expects that shares of Space Exploration Technologies Corp. (NASDAQ: SPCX) will increase by at least 35% over the next 12 months. According to the analyst, this comes amid a discrepancy between the company's valuation of $2 trillion and its expected revenue of $18.67 billion by 2025.
On September 25, 2026, Lindsey maintained an 'Outperform' rating for SpaceX shares, which were trading at $148.03 at that time. The analyst forecasts that SPCX will reach a target price of $200, corresponding to a 35.11% increase over the next year. The optimism regarding SPCX's price dynamics is driven by the strengthening of the company's revenue streams, particularly due to recent confirmed contracts. "The prices of third-party service providers, recent contracts, and a new placement agreement enhance confidence in premium pricing for computational power," emphasized Lindsey.
Mizuho bases this positive forecast on a placement agreement that takes effect on December 1, 2026, guaranteeing a revenue stream of up to $1.11 billion per month. Additionally, the analyst noted that SpaceX is well-positioned to maintain premium pricing until 2027, supported by recent successes in securing contracts and an overall positive trend in the industry. At the time of publication, 33 Wall Street analysts surveyed by TipRanks over the past 3 months set an average target price for SpaceX shares at $232.07, indicating potential growth to new historical highs next year. Since the initial public offering (IPO), SpaceX shares have increased by approximately 9.65%. However, Wall Street analysts predict growth to new records over the next 12 months, largely due to guaranteed revenue sources.
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