Craig-Hallum Gives Intuitive Machines Buy Rating with $42 Price Target
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 days ago
0mins
Craig-Hallum notes that NASA hosted a press conference awarding $148M to Intuitive Machines (LUNR), $144M to FireFly Aerospace (FLY), and $298M to Astrobotic for lunar landers. Intuitive Machines and FireFly Aerospace contract wins are right down the middle of expectations, the firm adds. Craig-Hallum remains impressed by the efforts of new NASA administrator Isaacman. Namely, by the regular cadence of well thought out awards, better use of available resources, and an approach centered on partnering with and enabling commercial players. For Intuitive and FireFly, the awards were likely right in line with expectations, with the Astrobotic awards more than expected, the firm adds. Craig-Hallum has a Buy rating on Intuitive with a price target of $42.
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Analyst Views on LUNR
Wall Street analysts forecast LUNR stock price to fall
10 Analyst Rating
8 Buy
1 Hold
1 Sell
Moderate Buy
Current: 19.580
Low
9.50
Averages
17.74
High
25.00
Current: 19.580
Low
9.50
Averages
17.74
High
25.00
About LUNR
Intuitive Machines, Inc. is a space technology, infrastructure, and services company. It is a provider and supplier of space products and services that enable sustained robotic and human exploration to the Moon, Mars, and beyond. Its services include delivery services, data transmission services, and infrastructure as a service. Its delivery services provide transportation and delivery of payloads, such as satellites, scientific instruments and cargo to various destinations in space, in addition to rideshare delivery and lunar surface access. Its data transmission services offerings include the collection, processing, and interpretation of space-based data, utilizing applications, such as command, control, communications, reconnaissance and prospecting. Its infrastructure as a service delivers space assets, performing tasks and making decisions without human intervention that are designed to perform essential functions, such as navigation, scientific data collection, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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