5 Best Space Stocks to Buy According to Wall Street Analysts

In this article, we discuss the 5 best space stocks to buy according to Wall Street analysts. If you want to read our detailed analysis of these stocks, go directly to 10 Best Space Stocks to Buy According to Wall Street Analysts. 

5. RTX Corporation (NYSE:RTX)

Number of Hedge Fund Holders: 63 

Upside Potential as of December 23: 27%

RTX Corporation (NYSE:RTX) is a Massachusetts-based defense manufacturer. On December 19, investment advisory TD Cowen maintained an Outperform rating on RTX Corporation (NYSE:RTX) stock and raised the price target to $106 from $99, noting there was PW1100 headline risk until mid-2024, however, given the long-term franchise value, the company looked positioned to rebound in 2024. 

At the end of the third quarter of 2023, 63 hedge funds in the database of Insider Monkey held stakes worth $1.6 billion in RTX Corporation (NYSE:RTX), up from 56 in the preceding quarter worth $1.3 billion.

In its Q3 2023 investor letter, Carillon Tower Advisers, an asset management firm, highlighted a few stocks and RTX Corporation (NYSE:RTX) was one of them. Here is what the fund said:

“RTX Corporation (NYSE:RTX) lowered its free cash flow guidance for the year due to a new issue in its jet engine business. Although the company’s management has a solution, the total implementation cost remains unknown, which caused the stock to react negatively.”