10 Best Space Stocks to Buy According to Hedge Funds

2. Lockheed Martin Corporation (NYSE:LMT)

Number of Hedge Fund Holders: 68

Lockheed Martin (NYSE: LMT) is one of the best space stocks to buy according to hedge funds. On July 11, 2025, Truist analyst Michael Ciarmoli reaffirmed his Buy rating on Lockheed Martin but trimmed the 12-month price target from $579 to $554.

This ~4.3% reduction isn’t a red flag; it reflects nuanced adjustments, not a shift in fundamental confidence. Ciarmoli highlights manageable tariff challenges in both commercial aerospace and defense, supported by a backdrop of robust global defense budgets and strong aftermarket demand.

He also notes Lockheed’s valuation remains attractive: small- and mid-cap defense and space peers trade at a roughly 122% premium to large-caps. Despite the price-target cut, Truist sticks with Buy, signaling belief in the company’s resilience amid macro uncertainties.

Lockheed Martin is a global aerospace and defense giant, designing and producing iconic systems, from F-35 and F-22 fighter jets to advanced missile systems, satellites, and spacecraft, serving U.S. and international military, intelligence, space, and security clients.