10 Best Space Stocks To Buy According To Analysts

2. Viasat, Inc. (NASDAQ:VSAT)

Average Share Price Upside Potential as of January 16: 127.68%

Number of Hedge Fund Holders: 25

Viasat, Inc. (NASDAQ:VSAT) is a global communications company, specializing in high-speed satellite broadband and secure networking solutions. Several major commercial airlines and military clients rely on the company’s technology to deliver the internet in some of the most complex environments. VSAT is one of the best space stocks to buy according to analysts.

On November 6, the company announced financial results for Q2 FY 2025. Revenue for the quarter was $1.1 billion, down 8% from last year. However, if we exclude the impact of non-recurring contributions from the litigation settlement in Q2, the decline is just 1% and is attributed to lower Communication Services revenue. Net loss for the quarter stood at $138 million, compared to a loss of $767 million during the same period last year.

New contract awards in Q2 totaled $1.3 billion, setting a new record, driven by a strong performance by the Defense and Advanced Technologies segment, where year-over-year awards doubled, led by cybersecurity, space and mission systems, aviation connectivity services, and ground systems.

Viasat, Inc. (NASDAQ:VSAT)’s share price plummeted 70% in 2024 due to financial challenges and the intense competition it faces from Starlink. However, analysts view the dip as a likely lucrative speculative play. The 2023 acquisition of British satellite communication company, Inmarsat, is a significant move that could unlock substantial future potential for Viasat.

Wall Street analysts are bullish on the stock, with a consensus Buy rating and an average share price upside potential of 127.68%. Investor sentiment around the stock continues to improve as well. According to Insider Monkey’s database for Q3 2024, 25 hedge funds held a stake in the company, up from 17 at the end of the second quarter.