Intuitive Machines price target raised to $35 from $25 at Roth Capital

Roth Capital analyst Suji Desilva raised the firm’s price target on Intuitive Machines (LUNR) to $35 from $25 and keeps a Buy rating on the shares after meeting with CTO Tim Crain. The firm believes the company is well positioned to benefit from accelerating lunar spending. Intuitive is well positioned for increasing NASA lunar mission cadence and its recent Lanteris acquisition is driving both growth and synergies, the analyst tells investors in a research note. Roth expects the combined company to diversify from civil and lunar mission concentration to full offerings across build, connect, and operate to include national security program.