Intuitive Machines Stock Surges on Analyst Upgrade
Intuitive Machines (NASDAQ: LUNR) stock rose over 12% in early trading after Cantor Fitzgerald analyst Andres Sheppard upgraded the company with an overweight rating and a $32 price target. The move followed Intuitive's recent delivery of its IM-1300 satellite to SiriusXM, made possible through its acquisition of Lanteris earlier this year for $800 million. The firm is now positioned as one of the leading suppliers in space technology, with contracts like a missile defense project under L3Harris Technologies and potential future deals. Despite not being profitable yet, Intuitive Machines has an expected revenue of $917 million in 2026 and analysts anticipate it may turn positive on free cash flow next year. The stock is currently trading at around 2-4x sales, a range where space stocks are often considered attractive. While not a top recommendation from The Motley Fool's Stock Advisor team, the recent analyst upgrade has sparked renewed investor interest.
Topics: Cantor Fitzgerald Intuitive Machines Satellite Contracts Space Industry