Intuitive Machines (LUNR) Climbs 37.7% on Bullish Coverage, PT Upgrade

Core Viewpoint - Intuitive Machines Inc. (NASDAQ:LUNR) has shown significant stock performance, with a 37.70% increase to close at $14.94, driven by a bullish rating and price target from an investment firm [1]. Group 1: Stock Performance and Analyst Ratings - Keybanc initiated coverage on Intuitive Machines with a "buy" recommendation and set a price target of $20, indicating a 34% upside potential from its latest closing price [2]. - The company's stock performance is attributed to its leadership in Lunar Terrain Vehicle and strong opportunities in lunar services within the space sector [3]. Group 2: Financial Performance - In Q3, Intuitive Machines narrowed its net loss attributable to shareholders by 87.7%, reducing it to $7 million from $55.5 million year-on-year [4]. - Total revenues for the company decreased by 10%, amounting to $52.4 million compared to $58.4 million in the same period last year [4]. Group 3: Market Position and Backlog - Intuitive Machines currently holds nearly $1 billion in backlog, indicating strong future revenue potential [3].