As previously reported, Deutsche Bank analyst Edison Yu upgraded Intuitive Machines (LUNR) to Buy from Hold with a price target of $18, up from $6. The firm sees an “attractive” set-up for the next three to six months, supported by “clear commercial catalysts” for what it calls a “secular winner in the space exploration market.” The stock trades at a “considerable” discount to “new space” peers Rocket Lab (RKLB) and Firefly (FLY), notes the analyst, who thinks this gap can compress should the company win some major contracts.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LUNR:
- Intuitive Machines upgraded to Buy from Hold at Deutsche Bank
- Intuitive Machines Inc call volume above normal and directionally bullish
- Space Stocks Jump as Investors Bet Big on SpaceX’s Next Starship Test
- Intuitive Machines receives CMMI Maturity Level 3 for software development
- Intuitive Machines completes KinetX acquisition for $30M