This small cap is flying under the radar as a supplier to SpaceX and the new space economy

An upstate New York-based manufacturer is getting a boost after SpaceX went public this month. Graham Corporation , a maker of fluid, power, heat transfer and vacuum equipment for the defense, energy and space sectors, is seeing increased Wall Street bullishness in the wake of SpaceX's $1.77 trillion initial public offering less than two weeks ago. Graham's closing market value Tuesday stood at a little less than $1.3 billion. Maxim Group this week boosted its 12-month price target on Graham to $128 a share from $115 after Graham hosted an investor day last week, where the company introduced new three-year financial guidance through 2029 and highlighted several growing markets. "We believe Graham will grow revenue due to increasing demand from multiple types of industrial customers, including the U.S. Department of War, nuclear power companies, and space companies such as Blue Origin and SpaceX, both named as customers in GHM's presentation," Maxim analyst Tate Sullivan wrote Tuesday, reiterating a buy opinion. Rampant bullishness Other investment banks came away similarly bullish after hearing from Graham Chief Executive Officer Matthew Malone and Chief Financial Officer Christopher Thome. The investor day highlighted growth prospects, margin expansion opportunities and continued robust demand, Northland Capital Markets analyst Bobby Brooks wrote Tuesday, repeating an outperform rating. …