Intuitive Machines price target raised to $16 from $13 at Cantor Fitzgerald

Cantor Fitzgerald raised the firm’s price target on Intuitive Machines (LUNR) to $16 from $13 and keeps an Overweight rating on the shares. Cantor remains bullish on Intuitive Machines, and continues to believe it is well-positioned to capitalize on the growing space economy through its Lunar Access, Lunar Communication, Orbital Services, and Space Infrastructure revenue segment, the analyst tells investors in a research note. Though the landing of the IM-2 Mission was “unfortunate,” Intuitive Machines’ primary source of revenue is from its space contracts, not from its launch missions, Cantor says.