Intuitive Machines initiated with a Buy at Roth MKM

Roth MKM initiated coverage of Intuitive Machines (LUNR) with a Buy rating and $20 price target. Intuitive Machines came public through a merger with Inflection Point Acquisition Corp. (IPAX) in a deal that closed in February and the firm regards it as a "highly advanced and capable space technology company targeting lunar access service and related product offerings," the analyst said. The firm expects Intuitive Machines to service not just NASA, but other governmental agencies such as the DOD and USSF, international governments and, commercial customers in the intermediate-term, Roth added.