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Stock impact report

Intuitive Machines (LUNR) Jumps on 47% Price Target Hike [Yahoo! Finance]

Intuitive Machines, Inc. - Class A (LUNR) 
Company Research Source: Yahoo! Finance
Intuitive Machines bounced back by 2.95 percent on Monday to close at $15.70 apiece as investors took path from an investment firm's 47 percent price target upgrade for its stock. In a market report, Clear Street gave Intuitive Machines Inc. (NASDAQ:LUNR) a new price target of $25, a bump from $17 previously, while maintaining its “buy” recommendation. The coverage reflected Clear Street's optimism for the acquisition of Lanteris Space Systems, a spacecraft manufacturer with a strong record of delivering a highly reliable lineup for national security, civil, and commercial customers. ClearStreet said that the transaction would create a next-generation space prime with an opportunity to capture multi-billion-dollar worth of space programs, especially with the United States' aggressive lunar exploration. Apart from Clear Street, Intuitive Machines Inc. (NASDAQ:LUNR) also received bullish coverage from B. Riley, with the latter raising its price target to $20 from $14 previously Show less Read more
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