Shares of Intuitive Machines (NASDAQ:LUNR) are flying high, gaining 37% in Thursday’s after-hours trading. This substantial growth followed the historic landing of its uncrewed Odysseus spacecraft on the Moon. Overall, LUNR stock is up about 223% year-to-date, significantly outperforming the broader market averages.
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The massive rally in Intuitive Machines stock reflects investors’ enthusiasm over its Moon landing mission, the IM-1 mission.
LUNR is a space exploration, infrastructure, and services company. It supplies space products and services to facilitate robotic and human exploration missions to the Moon and beyond. Additionally, it is one of the few companies providing services to NASA and various commercial payload customers worldwide.
Analyst’s Opinion
On February 19, Roth MKM analyst Sujeeva De Silva raised the company’s price target to $15 from $4 and maintained a bullish stance. The analyst said that the IM-1 landing would provide a competitive advantage to the company for subsequent attempts to land on the Moon.
Is Intuitive Machines a Buy or Sell?
The successful landing on the Moon will likely drive revenues for the company in the coming quarters. Furthermore, it could benefit from its solid order backlog of $135 million. Given these positives, Intuitive Machines has two Buy recommendations from Wall Street analysts.
Further, their average price target of $10.50 implies a further upside potential of 26.81 from current levels.
