Intuitive Machines Inc. (NASDAQ:LUNR) has been making waves in the stock market recently, with a significant increase in share prices. Last week, the company saw a 17.24 percent growth in its share prices, thanks to positive outlook and coverage from investment firms.
Clear Street, in its updated market report, raised its price target for Intuitive Machines Inc. (NASDAQ:LUNR) by 47 percent, setting it at $25 compared to the previous $17. The firm also maintained a “buy” recommendation for the stock. The coverage from Clear Street highlighted the optimism surrounding Intuitive Machines’ acquisition of Lanteris Space Systems, a reputable spacecraft manufacturer known for its reliable lineup of products for national security, civil, and commercial clients.
According to Clear Street, this acquisition positions Intuitive Machines as a next-generation space prime, with the potential to capture multi-billion-dollar space programs. This is particularly significant given the United States’ aggressive lunar exploration initiatives.
In addition to Clear Street’s positive outlook, B. Riley also increased its price target for Intuitive Machines Inc. (NASDAQ:LUNR) to $20 from $14, along with a “buy” recommendation. The decision was influenced by President Donald Trump’s executive order issued on December 18, which aims to boost space exploration efforts and maintain the country’s leadership in the industry.
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Disclosure: None. This article was originally published on Insider Monkey.
