5 Best Space Stocks to Buy According to Wall Street Analysts

3. Rocket Lab USA, Inc. (NASDAQ:RKLB)

Number of Hedge Fund Holders: 11

Upside Potential as of December 23: 28%

Rocket Lab USA, Inc. (NASDAQ:RKLB) is a space company, provides launch services and space systems solutions for the space and defense industries. On December 23, investment advisory Roth MKM maintained a Buy rating on Rocket Lab USA, Inc. (NASDAQ:RKLB) stock with a price target of $7, noting the firm announced the addition of a large US government customer contract worth $515 million that represents the second large spacecraft construction win following the Globalstar win in 2022, improving the multi-year revenue visibility for the business.

At the end of the third quarter of 2023, 11 hedge funds in the database of Insider Monkey held stakes worth $41 million in Rocket Lab USA, Inc. (NASDAQ:RKLB), compared to 10 the preceding quarter worth $110 million.