This has generated significant public interest, since watching rockets landing is a novel experience that was out of reach just a decade ago. The space industry is undoubtedly the hottest industry in public discourse these days, spurred by Space Exploration Technologies Corporation's (SpaceX) remarkable feat of landing first stage rocket boosters. If you want to skip our industry introduction and jump ahead to the top five stocks in this list, then take a look at 5 Best Space Stocks to Buy According to Hedge Funds. In this piece, we will take a look at the ten best space stocks to buy according to hedge funds. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article. Their average price target stands at $18, implying over 146% upside potential. Plus, with intense competition from the Chinese, LUNR could be one of the top space exploration stocks to buy. Certainly, analysts aren’t waiting around, pegging LUNR as a unanimous strong buy. However, what does impress onlookers is that Intuitive will play an integral role in NASA’s return to the moon. Presently, it features a cash-to-debt ratio of 1, which isn’t that impressive compared to its peers.
Per Gurufocus, the company posted revenue of $86 million atop a net loss of $6 million. Per its public profile, the company holds three NASA contracts.Īs an aspirational enterprise, Intuitive doesn’t feature much in the way of financials.
Headquartered in Houston, Texas, Intuitive is completing its lunar program, which will provide lunar surface access, lunar orbit delivery, and communications at lunar distance. Their average price target hits $7, implying almost 75% upside potential.įor those that really want to extract the most upside potential from the best space exploration stocks, Intuitive Machines (NASDAQ: LUNR) just might fit the bill. Also, its operating and net margins fell deeply into negative territory. Nevertheless, analysts peg PL as a consensus strong buy. For example, its three-year revenue growth rate sits at 29.7% below parity. Operationally, though, the enterprise starts to look a little shaky. This stat ranks better than 84.7% of companies listed in the broader aerospace and defense industry. On the balance sheet, Planet Labs features surprising resilience, especially its cash-to-debt ratio of 18.56. Thus, Planet Labs offers myriad relevancies.įinancially, it’s not completely terrible, though I understand that’s not a great selling point for space exploration stocks in 2023. Further, the company helped journalists shed light on North Korea’s illicit shipping networks. Its stated goal focuses on imaging the entirety of the Earth daily to monitor changes and pinpoint trends. Their average price target lands at $111.56, implying over 18% upside potential.Ī much higher-risk enterprise than Leidos, Planet Labs (NYSE: PL) nevertheless intrigues prospective investors of space exploration growth stocks thanks to its Earth imaging business. As a discount to projected earnings, Leidos ranks better than 78.61% of the competition.įinally, Wall Street analysts peg LDOS as a consensus moderate buy. Also, LDOS trades at a forward multiple of 14.11. In particular, its net margin pings at 4.76%, above 62% of its peers. Through its decades of acumen, Leidos delivers space-industry applications for defense, intelligence, and civilian agencies.įinancially, LDOS makes a powerful case as a viable space exploration stock thanks to its predictable revenue stream and profitability. Over the past 50 years-plus, Leidos supported deep space exploration and human spaceflight projects through its technical expertise in information technology, engineering, and science. Here, we’re not necessarily interested in knocking one out of the park but just getting on base and building confidence. As far as the best space exploration stocks to buy are concerned, Leidos (NYSE: LDOS) is the sector equivalent of hitting for a high average.
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