Intuitive Machines Rallies 11% to $19.45, Price Targets Lifted to $26
Intuitive Machines stock surged 11.02% to close at $19.45 on February 10, driven by a broader space-stock rally. KeyBanc lifted its price target to $26, Canaccord hiked to $22.50 and Stifel raised to $20 despite changing its rating to hold.
1. Stock Rally
Intuitive Machines shares climbed 11.02% to $19.45, marking a second straight day of gains on February 10 as investors capitalized on renewed interest in space-related equities.
2. Analyst Price Target Revisions
KeyBanc raised its price target from $20 to $26 while Canaccord boosted its target to $22.50 from $15.50; Stifel increased its target to $20 but shifted its rating to hold.
3. Sector Outlook
Confidence in space as a cost-effective AI compute solution, coupled with Morgan Stanley’s forecast for continued sector momentum, underpinned investor optimism and broader space-stock rally.