Cantor Fitzgerald Starts Intuitive Machines Inc. (LUNR) at Overweight, 'Houston, We are Going Back to the Moon'

Cantor Fitzgerald analyst Andres Sheppard initiates coverage on Intuitive Machines Inc. (NASDAQ: LUNR) with a Overweight rating and a price target of $11.00.

The analyst comments "We initiate coverage of Intuitive Machines (LUNR) with an Overweight rating and a 12-month $11 PT. Intuitive Machines, LLC is an American diversified space exploration company that is looking to commercialize the moon by establishing infrastructure and services for commerce on and around the moon. We believe LUNR benefits from a disruptive business model with first-mover advantage, four different revenue streams that provide diversification and help to de-risk the company, and bipartisan support. Separately, we also believe LUNR can provide investors who have a long-term investment horizon, and who are comfortable taking on volatility, with an opportunity to invest in the space race, as the industry is moving to become more privatized. "

For an analyst ratings summary and ratings history on Intuitive Machines Inc. click here. For more ratings news on Intuitive Machines Inc. click here.

Shares of Intuitive Machines Inc. closed at $7.76 yesterday.

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