Intuitive Machines stock (LUNR) is 2.3% lower into the open, as markets digest an upgraded price target from B. Riley Securities that underscores growing confidence in the company’s positioning within the rapidly expanding lunar commercialization sector.

B. Riley raised its price target on the Houston-based space infrastructure company to $25 from $20 while maintaining a Buy rating, citing favorable tailwinds from increased Moon-focused activity by industry heavyweights SpaceX and Blue Origin.

The firm’s analyst noted that this heightened lunar activity expands the addressable market for infrastructure and services, creating substantial opportunities for companies like Intuitive Machines that possess the technical capabilities to…