What's Going On With Private Space Company Intuitive Machines' Stock?
Portfolio Pulse from Erica Kollmann
Intuitive Machines, Inc. (NASDAQ:LUNR) shares are experiencing above-average trading volume following a Buy rating and $8 price target from B. Riley Securities. The company also announced that Houston will recognize July 20, 2024, as 'Intuitive Machines Day' for their successful lunar landing. Additionally, Jack Fischer has been appointed to the Texas Aerospace Research and Space Economy Consortium executive committee. Cantor Fitzgerald reiterated its Overweight rating with a $10 price target earlier in June. Despite initial gains, LUNR shares have given back most of the gains and are currently trading at $3.55.
June 28, 2024 | 2:43 pm
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Intuitive Machines (NASDAQ:LUNR) received a Buy rating and $8 price target from B. Riley Securities, and Cantor Fitzgerald reiterated its Overweight rating with a $10 price target. The company also announced significant recognitions and appointments, contributing to increased trading volume.
The Buy rating and high price targets from two analysts are positive signals for investors, likely leading to increased interest and trading volume. The recognition by the city of Houston and the appointment of Jack Fischer further bolster the company's reputation and potential for growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100