We recently published 10 Firms in the Limelight. Intuitive Machines Inc. (NASDAQ:LUNR) is one of the best performers on Friday.
Intuitive Machines rallied for a second day on Friday, soaring 37.70 percent to close at $14.94 apiece as investors took heart from a bullish rating and price target from an investment firm.
In its initial coverage of the stock, Keybanc issued a “buy” recommendation and $20 price target on Intuitive Machines Inc. (NASDAQ:LUNR). The figure marked a 34 percent upside potential from its latest closing price.
According to the investment firm, its coverage reflected Intuitive Machines Inc.’s (NASDAQ:LUNR) leadership in Lunar Terrain Vehicle and robust opportunities for lunar services in the space sector.
At present, Intuitive Machines Inc. (NASDAQ:LUNR) holds nearly $1 billion in backlog.
In the third quarter of the year, the company narrowed its net loss attributable to shareholders by 87.7 percent to $7 million from $55.5 million in the same period last year.
Total revenues declined by 10 percent to $52.4 million from $58.4 million year-on-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.
