Brett Linzey, a Wall Street analyst at Mizuho Securities, expects Space Exploration Technologies Corp. (NASDAQ: SPCX) stock to rally at least 35% over the next 12 months, despite choppy SPCX price performance over the past three months, driven by the imbalance between the company’s $2 trillion valuation and its $18.67 billion revenue for 2025. 

On September 25, 2026, Linzey maintained the firm’s SpaceX stock rating of ‘Outperform’, according to a note sent to clients on Friday. As SpaceX stock traded at $148.03 at the time of writing, this analyst expects SPCX to deliver a 35.11% upside over the next 12 months, reaching a target of $200.

This positive sentiment for SPCX price performance over the next 12 months is based on the company’s strengthening revenue streams, especially its recent confirmed contracts. 

“Third-party pricing, recent contracts, and a new hosting agreement strengthen confidence in premium compute pricing,” Linzey highlighted.

Mizuho based this bullish thesis on SpaceX’s hosting agreement commencing December 1, 2026, which guarantees a revenue stream of up to $1.11 billion per month for this company. Additionally, the analyst argued that SpaceX is well positioned to maintain its premium compute pricing through 2027, supported by recent contract wins and broader industry momentum. 

SpaceX stock price prediction 

At the time of publication, 33 Wall Street analysts surveyed by TipRanks over the past 3 months have set an average target of $232.07. This moderate buy from these analysts signals a potential rally towards a new all-time high over the next 12 months.

SPCX price performance

Since its initial public offering (IPO), SpaceX stock is up about 9.65%. 

However, Wall Street analysts have predicted a rally towards a new ATH over the next 12 months, largely because the company has secured definitive revenue streams.

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