Linde’s (LIN) Rocket Fuel Expertise Could Come To The Fore Post SpaceX IPO

Linde plc (NASDAQ:LIN) is one of the 10 Best Stocks to Buy Before SpaceX IPO.

Linde plc (NASDAQ:LIN) has a critical role to play in the provision of rocket fuel. It offers liquid oxygen and liquid nitrogen, which are both components of rocket fuel. While the company isn’t a disclosed supplier of SpaceX, its critical role in rocket fuel supply could make it a hot property among retail investors.

The company’s price target was recently raised from $525 to $575 at Seaport Research. Before that, Patrick Cunningham of Citi also raised his price target from $545 to $580. The update came as the firm reviewed its coverage prior to Q1 earnings. Citi analysts believe Linde is best positioned to survive in the scenario of rising inflation as its earnings are relatively insulated from inflationary pressures. Since the company often signs long-term contracts in which costs are borne by the customer, who pays a fixed margin to Linde, it has no problem passing through inflationary impacts and protecting its profitability. The two recent upward price target revisions reflect this improving profitability in an otherwise tough economic environment.

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Linde plc (NASDAQ:LIN) is an industrial gas company operating worldwide. The company provides atmospheric gases, such as nitrogen, oxygen, argon, and rare gases, as well as process gases, including helium, carbon monoxide, carbon dioxide, hydrogen, specialty gases, electronic gases, and acetylene.

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