B. Riley analyst Mike Crawford launched coverage of Intuitive Machines Thursday evening with a Buy rating and an $8 price target. The company made history in February when its Odysseus lunar lander touched down on the moon, becoming the first privately funded lander to make a soft landing on the lunar surface. Intuitive is an “engineering company supporting the commercialization and—like it or not—potential militarization of the Moon and beyond,” wrote Crawford.
B. Riley Securities on Thursday initiated research coverage of Intuitive Machines with a Buy rating and set a price target of $8. With this price objective, B.Riley analysts believe the stock has the potential to more than double from its current level of $3.5 per share.
HOUSTON, June 25, 2024 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (“Intuitive Machines” or the “Company”), a leading space exploration, infrastructure, and services company, announced today that the City of Houston will proclaim July 20, 2024, as ‘Intuitive Machines Day’ in recognition of the successful IM-1 lunar landing on February 22, 2024. This historic achievement marked the first U.S. lunar landing since 1972, aligning symbolically with the anniversary of the Apollo 11 Moon landing on Ju