Intuitive Machines price target raised to $16 from $12 at Roth Capital

Roth Capital raised the firm’s price target on Intuitive Machines (LUNR) to $16 from $12 and keeps a Buy rating on the shares. The company reported Q1 revenue ahead of consensus and reaffirmed fiscal 2025 revenue growth guidance with “significant backlog coverage support,” the analyst tells investors in a research note. The firm is “encouraged” that Intuitive is tracking toward EBITDA breakeven exiting 2025. The more recent U.S. government approach to NASA and its space program, coupled with the increased coupling of the space program with national security, represent positive catalysts relative to the company’s competitive positioning, contends Roth.