Barclays Initiates Coverage of Intuitive Machines (LUNR) with an Equal Weight Rating

Intuitive Machines, Inc. (NASDAQ:LUNR) is one of the 13 Small Cap Stocks Analysts Are Bullish On. On May 22, Barclays initiated coverage of Intuitive Machines, Inc. (NASDAQ:LUNR) with an Equal Weight rating and a $13 price target. The firm reasoned that it anticipates the company to benefit from NASA’s growing reliance on commercial companies.

Was Jim Cramer Right About Intuitive Machines Inc. (LUNR)?

A satellite being released from a launch vehicle, heading into space.

The rating highlights an optimistic view of Intuitive Machines, Inc.’s (NASDAQ:LUNR) various opportunities. However, the analyst told investors in a research note that these opportunities are balanced by execution risk, budget uncertainty, a “crowded” competitive landscape, and a valuation with shares trading approximately in line with peers.

Intuitive Machines, Inc. (NASDAQ:LUNR) is a space exploration, services, and infrastructure company that contributes to the development of cislunar infrastructure and engages in establishing cislunar and deep space commerce. It is headquartered in Houston, Texas.

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Disclosure: None.