Intuitive Machines price target raised to $25 from $20 at B. Riley

B. Riley raised the firm’s price target on Intuitive Machines (LUNR) to $25 from $20 and keeps a Buy rating on the shares. Intuitive Machines stands to benefit from a favorable lunar commercialization environment, as increased Moon-focused activity by SpaceX and Blue Origin expands the addressable market for lunar infrastructure and services, the analyst tells investors in a research note. Intuitive’s Near Space Network Services satellite constellation and Moon RACER LTV are positioned to provide critical communications, navigation, and surface mobility support to both government and commercial lunar customers, the firm says.