Intuitive Machines Inc. (NASDAQ:LUNR) is one of the high-growth industrial stocks to buy. On February 17, B. Riley reiterated a Buy rating on Intuitive Machines Inc. (NASDAQ:LUNR) and increased the price target to $25 from $20.
The price target hike comes amid expectations that Intuitive Machines will benefit from a favorable environment for space and lunar commercialization. The research firm expects the company to capitalize on increasing lunar activity, which will fuel demand for communications, navigation, and surface mobility services.
Intuitive Machines boasts a Near Space Network space data relay satellite constellation and lunar terrain vehicles. Its data relay satellites under the NSNS program are designed to deliver communications minutes to space agencies. Consequently, it is well-positioned to benefit from SpaceX’s shift in focus to building a city on the moon.
Earlier in the year, the company completed its $800 million acquisition of Lanteris Space Systems. With the acquisition, the company has strengthened its flight-proven manufacturing capabilities to enhance its ability to operate on the moon.
Intuitive Machines Inc. (NASDAQ:LUNR) is a Houston-based space exploration and technology company focused on commercializing lunar access through robotic delivery, data transmission, and infrastructure services. As the first commercial entity to soft-land on the Moon (2024), they develop Nova-C landers to transport payloads for NASA and commercial customers.
While we acknowledge the potential of LUNR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
