SpaceX price target $248→$268, Phillips Securities upgrades to 'Buy'

Bernstein raised its 12-month price target on SpaceX ($SPCX) to $268 from $248 while maintaining an Outperform rating on October 26, and Phillip Securities upgraded the stock to Buy from Sell on October 23, lifting its target to $250 from $75—a roughly 233% increase. The bullish calls cite AI infrastructure expansion, rising computing demand outpacing supply, and strength in the connectivity business. Q3 revenue grew year-over-year, though the article's excerpt truncates the specific figure. The upgrades matter as a sharp reversal in sell-side sentiment on the SpaceX name; watch for further analyst revisions and details on computing capacity buildout and connectivity segment performance in upcoming disclosures.