Roth Capital raised the firm's price target on Intuitive Machines to $75 from $50 and keeps a Buy rating on the shares. In a NASA update this week, initial lunar terrain vehicle - LNV - awards went to competitors, indicating the company's LTV is pushed out from our prior expectations, but nonetheless, the firm is encouraged by NASA's relatively aggressive program award pace and level of activity, the analyst tells investors in a research note. Roth maintains that Intuitive Machines has significant opportunity in upcoming lunar contract awards across landers, rovers, and broader infrastructure/services.
