Canaccord Genuity Reduces Its Price Target on Intuitive Machines, Inc. (LUNR) to $18.50

Intuitive Machines, Inc. (NASDAQ:LUNR) is one of the 15 Best Robotics Stocks to Buy Under $20.

Citing investor response to Intuitive Machines, Inc. (NASDAQ:LUNR)’s recently concluded $345 million convertible senior notes issuance, Canaccord Genuity reduced its price objective on the firm from $19.00 to $18.50 on August 20, 2025, while keeping its Buy rating. In response to robust institutional demand, the 2.50% notes due in 2030 were resized from the initial $250 million offering and offered with a conversion premium of almost 25%. The remainder will be allocated to operations, research and development, and possible acquisitions; Canaccord stated that this step improves the company’s liquidity and supports its long-term growth strategy. The proceeds will be utilized for capped call transactions to limit stock dilution.

For U.S. government agencies, commercial clients, and foreign clients, Intuitive Machines, Inc. (NASDAQ:LUNR) develops, produces, and manages space products and services, such as lunar surface access, rideshare payload delivery, AI-driven data transmission, and space infrastructure solutions. It is one of the best robotic stocks.

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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