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

Group 1 - Intuitive Machines, Inc. (NASDAQ:LUNR) is recognized as one of the 15 best robotics stocks to buy under $20 [1] - Canaccord Genuity has reduced its price target for Intuitive Machines from $19.00 to $18.50 while maintaining a Buy rating, citing strong institutional demand for its $345 million convertible senior notes issuance [2] - The 2.50% convertible notes due in 2030 were resized from an initial offering of $250 million, with a conversion premium of nearly 25%, aimed at improving liquidity and supporting long-term growth [2] Group 2 - Intuitive Machines develops and manages space products and services for U.S. government agencies, commercial clients, and foreign clients, including lunar surface access and AI-driven data transmission [3] - The company is noted for its potential as an investment, although some analysts suggest that certain AI stocks may offer greater upside potential with less downside risk [4]