Roth MKM raised the firm’s price target on Intuitive Machines to $10 from $7 and keeps a Buy rating on the shares. The company announced that it has been awarded a fourth NASA CLPS contract for delivery of scientific payloads to the Moon on its planned fourth lunar mission IM-4, and the firm is encouraged that NASA continues to consistently rely on Intuitive Machines for vital scientific payload delivery to the Moon in support of the Artemis program in advance of planned manned Moon missions toward the end of the decade, the analyst tells investors in a research note.
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