Intuitive Machines price target raised to $25 from $17 at Clear Street

Clear Street raised the firm’s price target on Intuitive Machines (LUNR) to $25 from $17 and keeps a Buy rating on the shares, noting that the acquisition of Lanteris that is expected to close by Q2 is now incorporated into the firm’s outlook. The transaction, which is projected to be accretive to revenue and adjusted EBITDA, creates “a next-generation space prime with direct exposure to multi-billion-dollar space programs,” the analyst tells investors.