- Canaccord Genuity raises its price target for Intuitive Machines to $41.
- The bull case centers on the company's role in NASA's Artemis moon missions.
- Intuitive Machines focuses on space infrastructure, a key differentiator from rocket-makers.
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Canaccord Lifts Intuitive Machines Target to $41 on NASA Moon Base Case
Canaccord Genuity significantly increased its price target on Intuitive Machines (NASDAQ:LUNR) to $41, citing a powerful bull case for the space infrastructure firm.
The upgrade is based on the company's strategic position within NASA's moon base plans and a project referred to as "Golden Dome Power," according to a note from the financial firm on May 15, 2026.
The new target implies a massive upside of nearly 600 percent from current trading levels. This reflects growing confidence in the company's ability to secure lucrative contracts tied to the Artemis missions and beyond, setting it apart from competitors.
The Space Infrastructure Play
Intuitive Machines has carved out a niche for itself as a "space infrastructure company," a strategy that appears to be gaining traction with analysts. Unlike competitors such as Firefly Aerospace (NASDAQ:FLY) that build their own rockets, Intuitive Machines focuses on designing and manufacturing the probes, satellites, and cargo spacecraft that other companies, including NASA, will use.
This distinction is critical in a market where SpaceX is the dominant force in space launch services. By not competing directly with SpaceX, Intuitive Machines avoids a costly battle while positioning itself as a key supplier for the burgeoning space economy. The company's IM-1 probe, Odysseus, made history as the first commercial spacecraft to land on the moon, a significant milestone that validates its capabilities.
Financials and Future Catalysts
While not yet profitable, with a net EBITDA margin of negative 53.43 percent last year, Intuitive Machines is on a clearer path to profitability than some peers. The company has already launched 300 spacecraft and maintains 100 satellites in orbit. Its subsidiary, KinetX, provides critical deep-space navigation services for missions like NASA's New Horizons to Pluto and the Emirates Mars Mission.
The company's selection by NASA to deliver science equipment to the moon using its heavy lander is a major catalyst. Furthermore, Intuitive Machines is one of three companies in the running to provide a lunar rover for the Artemis missions, a potential multi-billion dollar contract.
The Canaccord price target hike signals that Wall Street is beginning to price in these future opportunities. For investors, the next major catalyst will be the outcome of the lunar rover contract decision and continued execution on its existing NASA contracts.
This article is for informational purposes only and does not constitute investment advice.
[1] Canaccord Just Hiked Intuitive Machines Price Target to $41: NASA Moon Base, Golden Dome Power Bull Case[2] Better Space Stock: Firefly Aerospace vs. Intuitive Machines[3] Intuitive Machines maintains $900M-$1B 2026 revenue outlook while advancing Andromeda $6.24B IDIQ and Goonhilly acquisition[4] Intuitive Machines sales triple amid commercial space race, but Q1 misses[5] Intuitive Machines Q1 earnings call highlights
