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Oscar Health continues its push higher after getting Barclays upgrade

Oscar Health shares surged Wednesday, fueled by an upgrade from Barclays after the company reiterated its full-year guidance earlier this week.

The stock has rallied lately, up about 40% from its June 3 closing price and pushing to its highest levels since the hype days just after its IPO in March of 2021.

Barclays upgraded the insurer to “overweight” from “equal-weight” and raised its price target to $35 from $30, according to Investing.com. Analysts cited the company’s focused participation in the fast-growing Affordable Care Act market as an avenue for potential growth.

On Monday at a Goldman Sachs healthcare conference, Oscar reassured investors by reaffirming the company’s full-year 2026 financial guidance, according to a company filing.

The recent momentum comes after Oscar reported strong Q1 results in May. The company reported revenue of $4.65 billion, up from $3 billion for the first quarter of 2025, driven by higher membership and rate increases.

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SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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