Intuitive Machines price target lowered to $8.50 from $10.50 at BofA

BofA lowered the firm’s price target on Intuitive Machines (LUNR) to $8.50 from $10.50 and keeps an Underperform rating on the shares. Q2 results were impacted by charges related to internal investment in developing its Near Space Network Systems satellites, with its IM-3 lander mission now set to launch in the second half of 2026 instead of the first half, notes the analyst, who sees risks to revenue visibility and calls the company’s civil space orientation “less desirable.”