10 Best Space Stocks To Buy According To Analysts

7. HEICO Corporation (NYSE:HEI)

Average Share Price Upside Potential as of January 16: 17.70%

Number of Hedge Fund Holders: 57

HEICO Corporation (NYSE:HEI) is an American aerospace and technology company that specializes in manufacturing jet engines and aircraft component parts. It operates in two segments: Flight Support Group and Electronic Technologies Group. Space and other defense-related subcomponents are among the most significant markets for HEICO’s Electronic Technologies Group. These are widely used in satellites, aircraft, and unmanned aerial vehicles.

HEICO Corporation (NYSE:HEI)’s two subsidiaries, 3D PLUS and Exxelia, are credited for supplying critical mission components for India’s Chandrayaan-3 spacecraft, which landed on the Moon in 2023. They designed and produced EEPROM and SDRAM modules, EMI Filters, ESA space-qualified Tantalum Capacitors, and other inductors that were used by Chandrayaan-3.

On December 17, the company reported strong results for the fourth quarter of fiscal 2024, with net income increasing 35% from last year to reach a record $139.7 million. For the full year 2024, net income stood at a record $514.1 million, or $3.67 per diluted share, growing 27% year-over-year. HEICO Corporation (NYSE:HEI)’s board of directors also declared a semiannual cash dividend of $0.11 cents, to be paid in January 2025, marking the 93rd successive semiannual cash dividend since 1979.

For 2025, the company has forecast net sales growth across both business segments in anticipation of sustained demand for a majority of its products. HEICO Corporation (NYSE:HEI) is one of the best space stocks to buy according to analysts, with a consensus Buy rating, and an average share price upside potential of 17.70%.

Hedge fund sentiment around the stock continues to improve as well. According to Insider Monkey’s database for Q3 2024, 57 hedge funds had investments in the company, up from 53 at the end of Q2. In November, Warren Buffett made a significant shift toward aerospace stocks with Berkshire Hathaway investing $185 million in HEICO Corporation (NYSE:HEI).