Canaccord Genuity analyst Austin Moeller has maintained their bullish stance on LUNR stock, giving a Buy rating on February 27.
Austin Moeller has given his Buy rating due to a combination of factors that highlight Intuitive Machines’ strong potential for growth and success in the lunar exploration market. The recent successful launch of the Athena lunar lander, which has met its contractual objectives and is on track for a lunar landing, demonstrates the company’s capability to execute complex space missions. This achievement is significant considering the challenges involved in lunar landings and the fact that it follows closely on the heels of their previous mission, showcasing improved mission repeatability and operational efficiency.
Furthermore, Intuitive Machines’ strategic pricing model and the potential for increased gross margins on future missions position the company favorably in attracting new customers. The company’s plans to reuse ground support equipment and its ability to support NASA’s objectives, such as sending missions to Mars and establishing a permanent moon base, further bolster its growth prospects. The successful deployment of customer payloads and the potential for high-energy orbit placements using the Nova-C lander also enhance its competitive edge. Overall, these factors contribute to a positive outlook for Intuitive Machines, justifying the Buy rating.
In another report released on February 27, Benchmark Co. also initiated coverage with a Buy rating on the stock with a $15.00 price target.
LUNR’s price has also changed dramatically for the past six months – from $4.670 to $14.580, which is a 212.21% increase.