Stifel initiated coverage of Intuitive Machines (LUNR) with a Buy rating and $18 price target The firm says the company is an “early mover” in the “emerging but geopolitically” important lunar infrastructure market. The company has established advantaged positions in multiple lunar verticals including delivery services and lunar communication, the analyst tells investors in a research note. Stifel believes pending contract decisions over the next six months create an “opportune time” to buy Intuitive Machines shares ahead of positive award announcements.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LUNR:
- Intuitive Machines announces $8.2M contract extension from AFRL
- Deutsche upgrades Intuitive Machines to Buy, sees gap to peers closing
- 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