Intuitive Machines, Inc. (NASDAQ:LUNR) is one of the Best **** e Technology Stocks to Buy Now. Intuitive Machines, Inc. (NASDAQ:LUNR) has fallen roughly 40% over the past month, mainly due to profit-taking after the stock reached an all-time high on May 29. Wall Street remains bullish on the stock, with **** ysts' 12-month price target reflecting more than 124% upside from the current level.
Recently, on July 1, Craig-Hallum maintained a Buy rating on the stock with a price target of $42. The firm highlighted NASA's press conference announcing lunar lander contract awards. During the press conference, Intuitive Machines was awarded $148 million, Firefly Aerospace was awarded $144 million, and Astrobotic got $298 million in contract awards. The firm calls Intuitive Machines and Firefly awards roughly in line with expectations, while Astrobotic's award came in higher than anticipated.
Craig-Hallum also praised new NASA administrator Isaacman's approach, citing a steady cadence of well-considered awards, more efficient use of resources, and a strategy focused on partnering with commercial **** e players.
Moreover, earlier on June 24, **** yst Mike Crawford from B. Riley maintained a Buy rating on the stock with a price target of $45. The **** yst noted the recent stock weakness as a buying opportunity and noted that the company is making progress building an end-to-end **** e and lunar infrastructure stack, backed by a $1.1 billion order backlog. The firm also noted multiple near-term catalysts that could meaningfully grow this backlog and argued the sell-off created an attractive entry point.
Intuitive Machines, Inc. (NASDAQ:LUNR) is a **** e exploration, infrastructure, and services company. It contributes to the establishment of cislunar infrastructure and helps develop cislunar and deep-space commerce.
Recently, on July 1, Craig-Hallum maintained a Buy rating on the stock with a price target of $42. The firm highlighted NASA's press conference announcing lunar lander contract awards. During the press conference, Intuitive Machines was awarded $148 million, Firefly Aerospace was awarded $144 million, and Astrobotic got $298 million in contract awards. The firm calls Intuitive Machines and Firefly awards roughly in line with expectations, while Astrobotic's award came in higher than anticipated.
Craig-Hallum also praised new NASA administrator Isaacman's approach, citing a steady cadence of well-considered awards, more efficient use of resources, and a strategy focused on partnering with commercial **** e players.
Moreover, earlier on June 24, **** yst Mike Crawford from B. Riley maintained a Buy rating on the stock with a price target of $45. The **** yst noted the recent stock weakness as a buying opportunity and noted that the company is making progress building an end-to-end **** e and lunar infrastructure stack, backed by a $1.1 billion order backlog. The firm also noted multiple near-term catalysts that could meaningfully grow this backlog and argued the sell-off created an attractive entry point.
Intuitive Machines, Inc. (NASDAQ:LUNR) is a **** e exploration, infrastructure, and services company. It contributes to the establishment of cislunar infrastructure and helps develop cislunar and deep-space commerce.
17 days ago
