The stock of Space Exploration Technologies increased by 12%, putting the company on track to finish an entire week in the black for the first time in quite some time. With investors becoming increasingly optimistic about SpaceX’s fundamentals, the company’s shares, which are controlled by Elon Musk, have recently increased by roughly 19% week to date. In comparison, the stock has finished each of the last four weeks in the red since the beginning of the year.

Argus revised their rating on the space technology stock to buy from hold, which contributed to the rise that SpaceX experienced this week. Additionally, the investment firm reaffirmed its commitment to a target price of $160 per share, which indicates a 39% increase from Thursday’s closing price.

Concerns regarding a possible sell-off by SpaceX that is connected to a series of impending share unlocking appear to have already been priced into the market, as seen by the fact that shares dropped earlier in the week as a result of these anxieties.