Canaccord Hikes Intuitive Machines (LUNR) PT to $22.50 as 2026 Space Landscape Brightens

Intuitive Machines Inc. (NASDAQ:LUNR) is one of the overlooked growth stocks to buy. On January 12, Canaccord raised the firm’s price target on Intuitive Machines to $22.50 from $15.50, while keeping a Buy rating on the shares. This sentiment was posted following a review of the 2026 landscape, where the firm adjusted its targets for the aerospace and defense sector.

In other news, on January 8, Stifel downgraded Intuitive Machines from Buy to Hold, even as it increased its price target to $20 from $18. While the firm expects NASA to announce the Lunar Terrain Vehicle/LTV contract winner imminently, it warns that an unpredictable political climate could create uncertainty regarding whether the contract is awarded solely based on the most qualified bid.

With the stock currently trading near the new price target and market anxiety rising over the LTV award, Stifel believes that the risk/reward profile for Intuitive Machines Inc. (NASDAQ:LUNR) is now balanced. Consequently, the firm suggested shifting to the sidelines until there is more clarity on the outcome and the impact of the current political environment.

Intuitive Machines Inc. (NASDAQ:LUNR) designs, manufactures, and operates space products and services in the US.

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.