Intuitive Machines (LUNR) Rockets Near 52-Week High on 30% PT Hike

We recently published 10 Stocks Gaining Double Digits Effortlessly. Intuitive Machines Inc. (NASDAQ:LUNR) was one of the best performers on Wednesday.

Intuitive Machines extended gains for a second day on Wednesday, to nearly hit its 52-week high, as investors took heart from a 30 percent price target upgrade from an investment firm.

At intra-day trading, Intuitive Machines Inc. (NASDAQ:LUNR) soared to its highest price of $23.32—just $0.57 shy of its 52-week high of $23.89 on January 31, 2025—before trimming gains to finish the session just up by 12.42 percent at $22.81 apiece.

In a market report, KeyBanc raised its price target for the company to $26 from $20 previously, while maintaining a “buy” recommendation amid its optimism for the overall space and defense sectors.

Apart from KeyBanc, Intuitive Machines Inc. (NASDAQ:LUNR) also received price target upgrades from investment firms Canaccord and Stifel.

On January 12, Canaccord raised its price target for the stock by 45.16 percent to $22.50 from $15.50 previously, while maintaining its “buy” recommendation.

Meanwhile, Stifel upgraded the stock to $20 from $18 previously, but downgraded the company to “hold” from “buy.”

Meanwhile, Morgan Stanley is also bullish about the space sector, saying that the “banner year” for the sector in 2025 is expected to spill over this year.

While we acknowledge the potential of LUNR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, 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.