Intuitive Machine Analyst Sticks To Bullish Stance Despite Lunar Mission Setback: 'Learnings... Represent Sustained Competitive Advantage For Future Missions'
Portfolio Pulse from Anan Ashraf
Roth MKM maintains a bullish stance on Intuitive Machines (NASDAQ:LUNR) despite its lunar lander, Odysseus, tipping over on the Moon. The firm highlights the lander's operational status and the valuable learnings for future missions, maintaining a 'buy' rating with a $15 price target. Intuitive Machines reported ongoing communication with Odysseus, with potential battery life extending 10-20 more hours. The incident has not deterred investor confidence, as LUNR shares rose 6.9% to close at $6.7 on Tuesday, marking a 184% increase year-to-date.
February 28, 2024 | 8:06 am
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Roth MKM maintains a 'buy' rating on Intuitive Machines despite the Odysseus lunar lander incident, with a price target of $15. The firm sees the mishap as an opportunity for learning, beneficial for future missions. LUNR shares rose 6.9% to $6.7, reflecting positive investor sentiment.
The positive outlook from Roth MKM, despite the lunar lander incident, underscores the firm's confidence in Intuitive Machines' long-term potential and the perceived value of the learnings from the mission. The subsequent rise in LUNR's stock price indicates strong investor confidence, suggesting a short-term positive impact on the stock.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100