B. Riley initiated coverage of Intuitive Machines with a Buy rating and $8 price target. Intuitive is a space exploration, infrastructure, and engineering company supporting the commercialization and potential militarization of the moon and beyond, the analyst tells investors in a research note. The analyst believes the company is leading the U.S.-allied charge to provide low-cost access to the moon, with a “compelling delivery capability” that will drive long-term profits as communications and deployment services kick in on top of increasing access cadence.
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