Intuitive Machines (LUNR) shares climbed more than 11% on Monday. Cantor Fitzgerald reiterated an Overweight rating for the stock. The firm maintained a $32 price target, suggesting significant upside from current trading levels.
Cantor Fitzgerald previously lowered its price target from $43 to $32 in August. The bank cited mission timing as the primary factor for that adjustment. This latest outlook follows the successful delivery of a satellite to SiriusXM in June.
Analysts view Intuitive Machines as a comprehensive space prime contractor. The company maintains full capabilities for designing, manufacturing, and operating space missions.