Analyst revises Intuitive Machines stock price target after earnings
What goes up must come down, but at least you get a hell of a ride.
Shareholders of Intuitive Machines (LUNR) might have felt the G-forces climbing on March 25 after the Houston space-exploration company reported fourth-quarter results.
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Intuitive’s stock initially took off after the company reported a record backlog for 2024 and ended the year with a record cash balance of $207.6 million.
In addition, the shares rose following remarks by CEO Steve Altemus regarding potential growth driven by Elon Musk’s Department of Government Efficiency.
“The federal government changes and uncertainty at NASA is an opportunity for Intuitive Machines to…
