Intuitive Machines, Inc. (NASDAQ:LUNR) is one of the Best Space Technology Stocks to Buy Now.
Intuitive Machines, Inc. (NASDAQ:LUNR) has fallen roughly 40% over the past month, mainly due to profit-taking after the stock reached an all-time high on May 29
Wall Street remains bullish on the stock, with analysts’ 12-month price target reflecting more than 124% upside from the current level. Recently, on July 1, Craig-Hallum maintained a Buy rating on the stock with a price target of $42. The firm highlighted NASA’s press conference announcing lunar lander contract awards.
During the press conference, Intuitive Machines was awarded $148 million, Firefly Aerospace was awarded $144 million, and Astrobotic got $298 million in contract awards. The firm calls Intuitive Machines and Firefly awards roughly in line with expectations, while Astrobotic’s award came in higher than anticipated. Craig-Hallum also praised new NASA administrator Isaacman’s approach, citing a steady cadence of well-considered awards, more efficient use of resources, and a strategy focused on partnering with commercial space players.