After Intuitive Machines (LUNR) announced successful completion of a strategic offering to provide funding in support of its recently acquired Lanteris asset along with additional opportunities, Roth Capital analyst Suji Desilva said the fund raising strengthens the company’s financial position and flexibility. The firm, which remains confident that the upcoming NASA LTV selection phase can be “favorable” for Intuitive, maintains a Buy rating and $16 price target on shares.
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