Roth MKM analyst Suji Desilva lowered the firm’s price target on Intuitive Machines to $10 from $15 but keeps a Buy rating on the shares. The company’s Q1 revenue strength reflecting a successful lunar mission and full quarter contribution of large program wins, and Intuitive Machines is positioned for additional successful lunar missions and program wins over the next several quarters, the analyst tells investors in a research note. The firm adds however that its reduced price target reflects lower market valuations.
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