On January 12, Canaccord increased its price target for Intuitive Machines Inc. (NASDAQ:LUNR) to $22.50 from $15.50, maintaining a Buy rating on the stock. The adjustment followed a review of the 2026 landscape, where the firm revised targets for the aerospace and defense sector.
Earlier, on January 8, Stifel downgraded Intuitive Machines from Buy to Hold, even as it raised its price target to $20 from $18. Stifel noted that NASA is expected to announce the winner of the Lunar Terrain Vehicle contract soon but warned that an unpredictable political climate could create uncertainty about whether the contract is awarded solely based on the most qualified bid.
With the stock trading near the new price target and market anxiety rising over the LTV award, Stifel believes the risk/reward profile for Intuitive Machines is now balanced. 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. designs, manufactures, and operates space products and services in the United States.