Cantor Fitzgerald Reiterates Overweight on Intuitive Machines (LUNR) Following Major Space Force Contract Win

Intuitive Machines, Inc. (NASDAQ:LUNR) ranks among the best short squeeze stocks to invest in. On May 27, Cantor Fitzgerald reaffirmed its Overweight rating and $43 price target for Intuitive Machines, Inc. (NASDAQ:LUNR). The company reported first-quarter revenue and gross profit margins slightly below expectations, but posted a year-over-year increase following the Lanteris acquisition, completed in mid-January.

Intuitive Machines, Inc. (NASDAQ:LUNR) reported that it was one of 14 recipients of the Andromeda multi-year award, chosen by the U.S. Space Force’s Space Systems Command. The 10-year agreement could be worth up to $6.24 billion in total, with a starting value of up to $1.84 billion.

Cantor Fitzgerald also stated that it believes that the company’s acquisition of Lanteris will improve its profitability and work well with its current business approach. Moreover, the firm mentioned potential triggers such as the CLPS CP32 award, due in the third quarter of 2026; the IM-3 Mission and Satellite Launch, anticipated in the fourth quarter; and probable Golden Dome contracts in the latter half of 2026.

Intuitive Machines, Inc. (NASDAQ:LUNR), founded in 2013 and headquartered in Houston, Texas, is an American space exploration and infrastructure company focused on commercial and government lunar missions. The company specializes in robotic payload delivery to the Moon, autonomous lunar surface systems, and space communications infrastructure.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years 

Disclosure: None. Follow Insider Monkey on Google News.