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Stock impact report

Intuitive Machines (LUNR) Climbs 37.7% on Bullish Coverage, PT Upgrade [Yahoo! Finance]

Intuitive Machines, Inc. - Class A (LUNR) 
Company Research Source: Yahoo! Finance
Intuitive Machines rallied for a second day on Friday, soaring 37.70 percent to close at $14.94 apiece as investors took heart from a bullish rating and price target from an investment firm. In its initial coverage of the stock, Keybanc issued a “buy” recommendation and $20 price target on Intuitive Machines Inc. (NASDAQ:LUNR). The figure marked a 34 percent upside potential from its latest closing price. According to the investment firm, its coverage reflected Intuitive Machines Inc.'s (NASDAQ:LUNR) leadership in Lunar Terrain Vehicle and robust opportunities for lunar services in the space sector. At present, Intuitive Machines Inc. (NASDAQ:LUNR) holds nearly $1 billion in backlog. In the third quarter of the year, the company narrowed its net loss attributable to shareholders by 87.7 percent to $7 million from $55.5 million in the same period last year. Total revenues declined by 10 percent to $52.4 million from $58.4 million year-on-year. While we acknowledge the pote Show less Read more
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