Benchmark analyst Josh Sullivan lowered the firm’s price target on Intuitive Machines to $10 from $14 and keeps a Buy rating on the shares. The lower price target reflects the previously announced lunar landing mission launch services window change from November to January as well as contract award timing, notes the analyst, who views Intuitive as “set up for a series of catalysts over the next two quarters.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on LUNR:
- Intuitive Machines reports Q3 revenue $12.7M vs. $10.3M last year
- Intuitive Machines Reports Third Quarter 2023 Financial Results and Reaffirms Expected Launch of First Lunar Mission
- LUNR Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Intuitive Machines price target lowered to $10 from $14 at Canaccord
- AFRL Space Vehicles Directorate Selects Intuitive Machines to Provide Solutions for Nuclear-Powered Satellites