UBS has expressed optimism about SpaceX's 13th rocket launch scheduled for Thursday, highlighting that the company has implemented several hardware and software upgrades since its last flight. Analyst Gavin Parsons noted that this launch is crucial for validating key capabilities necessary for future operations, including engine reliability and the deployment of Starlink V3 satellites.
UBS maintains a buy rating on SpaceX with a price target of $210, which reflects a potential upside from the stock's recent trading levels. Currently, SpaceX shares are trading slightly above their IPO price of $135 but have seen a decline of 40% from their peak of $225.64 in mid-June.
The bank's forecast anticipates four commercial launches this year and a total of 1,588 flights by 2031, aligning with the broader Wall Street consensus where 26 out of 31 analysts recommend buying the stock