Roth Capital raised the firm’s price target on Intuitive Machines (LUNR) to $50 from $35 and keeps a Buy rating on the shares. The company reported impressive combined results and backlog while also announcing an additional ground station acquisition, the analyst tells investors in a research note. Intuitive Machines is working to improve its lunar mission capacity and reliability ahead of increased NASA demand, the firm added, further stating the company has done a good job diversifying from core civil/NASA lunar mission dependence.
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