Intuitive Machines price target raised to $13 from $4 at Cantor Fitzgerald

Cantor Fitzgerald raised the firm’s price target on Intuitive Machines to $13 from $4 and keeps an Overweight rating on the shares. The company’s Nova-C Lunar Lander, called Odysseus, successfully soft-landed on the South Pole region of the moon, marking a historic return of the U.S to the moon in over 50 years, the analyst tells investors in a research note. The analyst says the development validates Intuitive Machines’ technology and adds significant credibility to the business. As such, Intuitive is now very well positioned to continue to capitalize on the growing commercial space economy, and on subsequent launches, says Cantor.