In this piece we will look at the 5 Best Space Technology Stocks to Buy Now. Please visit 7 Best Space Technology Stocks to Buy Now if you’d like to see an extended list and how we came up with the list of Best Space Technology Stocks to Buy Now.
5. Planet Labs PBC (NYSE:PL)
Upside Potential: 37.72%
Number of Hedge Fund Holders: 43
Planet Labs PBC (NYSE:PL) is one of the Best Space Technology Stocks to Buy Now. Planet Labs PBC (NYSE:PL) has declined around 12% over the past month. However, the Street remains bullish on the stock, with analysts’ 12-month price target suggesting more than 37% upside.
Recently, on July 1, Wedbush initiated coverage of the stock with a Buy rating and a $50 price target. The firm noted that the company is strategically placed at the intersection of two major forces. Firstly, Wedbush noted that nations are increasingly seeking sovereign access to space, and secondly, AI is unlocking value from data.
The firm noted that Planet Labs scans the entire Earth daily and that no competitor can replicate this dataset. Wedbush believes the company to be an indispensable data layer that sits at the intersection of space and AI. Moreover, the firm also believes the stock to be undervalued at current levels, making it an attractive buying opportunity.
Notably, management has also raised its fiscal 2027 revenue guidance to a range of $425 million to $441 million and expects to achieve positive annual free cash flow.
Planet Labs PBC (NYSE:PL) offers Pelican, SuperDove, SkySat, and Tanager satellites for daily Earth imaging, high-resolution monitoring, and hyperspectral imaging. It also provides satellite services arrangements such as manufacturing, launch procurement, ground station infrastructure, and maintenance. It serves energy, forestry, agriculture, mapping, insurance, finance, and government sectors.
4. Leidos Holdings, Inc. (NYSE:LDOS)
Upside Potential: 53.15%
Number of Hedge Fund Holders: 44
Leidos Holdings, Inc. (NYSE:LDOS) is one of the Best Space Technology Stocks to Buy Now. Recently, on July 1, Jefferies lowered the price target on Leidos Holdings, Inc. (NYSE:LDOS) from $140 to $110, while maintaining a Hold rating on the shares. On the same day, Citi also lowered the price target on the stock from $178 to $138 and maintained a Buy rating.
Jefferies noted that the reduced price target is based on the expectation that the fiscal Q2 2026 earnings will mark the low point for the year. The firm expects flat organic revenue growth due to a 3% decline in the Health unit. For the full year, the firm expects 3% organic growth for the company.
On the other hand, Citi’s rating came as part of a broader update to estimates and price targets across the aerospace and defense sector ahead of Q2 earnings. Citi expects aerospace companies to post “big beats” with moderate guidance raises this quarter. The firm noted that defense names are less likely to post big beats. Moreover, Citi sees more room for share price upside in defense names, given the group’s compressed valuation multiples.
Leidos Holdings Inc. (NYSE:LDOS), along with its subsidiaries, offers services and solutions for government and commercial customers in the U.S. The company operates through segments including National Security & Digital, Health & Civil, Commercial & International, and Defense Systems.
3. L3Harris Technologies, Inc. (NYSE:LHX)
Upside Potential: 28.46%
Number of Hedge Fund Holders: 59
L3Harris Technologies, Inc. (NYSE:LHX) is one of the Best Space Technology Stocks to Buy Now. Recently, on July 1, L3Harris Technologies, Inc. (NYSE:LHX) announced receiving an FAA contract to upgrade and operate the nation’s aircraft tracking network through 2045.
Management noted that under this contract, the company will modernize more than 700 ground stations. These stations provide real-time, satellite-based flight positioning data to air traffic controllers nationwide. Moreover, the company will also deploy advanced cybersecurity to protect airspace data and expand surveillance to track new types of aircraft entering the National Airspace System.
Management also highlighted that the company already runs the world’s largest terrestrial air traffic surveillance network. The company also integrates thousands of data sources for hundreds of FAA and government facilities.
That said, the Street remains bullish on the stock, with analysts’ 12-month price target suggesting more than 28.4% upside from the current level.
2. Lockheed Martin Corporation (NYSE:LMT)
Upside Potential: 12.45%
Number of Hedge Fund Holders: 83
Lockheed Martin Corporation (NYSE:LMT) is one of the Best Space Technology Stocks to Buy Now. Recently, on July 7, Lockheed Martin Corporation (NYSE:LMT) announced signing a memorandum of understanding at the NATO Summit Defense Industry Forum. The MoU is to address Europe’s demand for locally produced munitions.
Management noted that the MoU is backed by the US and German governments and is a step towards a joint venture. The goal is to set up Europe’s first center for manufacturing, integrating, and distributing ATACMS missiles across NATO forces.
As per the terms, production is expected to be based at Rheinmetall’s Unterluess site in Germany. Moreover, this would be the first ATACMS production facility outside the US. Rocket motor and guided missile component production is targeted to begin as early as 2027.
Executives from both companies framed the deal as combining Lockheed’s missile expertise with Rheinmetall’s manufacturing strength. Moreover, the company will continue operating its existing ATACMS line in Camden, Arkansas, until the transition is complete, driven by a strong global demand for the missile system.
Lockheed Martin Corporation (NYSE:LMT) is one of the world’s largest defense contractors. It specializes in the research, design, and development of advanced technology systems, products, and services.
1. Space Exploration Technologies Corp. (NASDAQ:SPCX)
Upside Potential: 18.44%
Number of Hedge Fund Holders: NA
Space Exploration Technologies Corp. (NASDAQ:SPCX) is one of the Best Space Technology Stocks to Buy Now. Wall Street has a positive opinion about Space Exploration Technologies Corp. (NASDAQ:SPCX). Recently, on July 7, Deutsche Bank initiated coverage of the stock with a Buy rating and a $225 price target. On the same day, Cantor Fitzgerald also initiated coverage of the stock with a $246 price target.
Deutsche Bank noted that the bullish rating is based on the fact that SpaceX has done what the government couldn’t do for decades, that is, they have made large rockets that are reliable, reusable, and becoming affordable. The firm also highlighted the company’s Starlink as an agile and resilient network that is serving consumers, enterprises, and governments. The firm sees a clear SpaceX advantage in AI. It points to AI infrastructure deployment on the ground and eventually in orbit.
Similarly, Cantor Fitzgerald sees Space Exploration Technologies Corp. (NASDAQ:SPCX) as a uniquely positioned planetary infrastructure company. The firm highlighted the company’s vertically integrated capabilities across launch, satellite connectivity, AI compute, and platform distribution. Moreover, Cantor also noted that this business model differs from traditional tech companies. It may compound value in ways that conventional valuation frameworks don’t fully capture.
Space Exploration Technologies Corp. primarily provides satellite-based broadband services. However, its businesses also span rocket launch services, satellite internet and connectivity, artificial intelligence (AI), and cloud computing.
While we acknowledge the potential of SPCX to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SPCX and that has 100x upside potential, check out our report about the cheapest AI stock.
READ NEXT: 10 Good Stocks to Invest in Now and 10 Most Undervalued US Stocks According to Hedge Funds.
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