Craig-Hallum Maintains a Buy on Intuitive Machines (LUNR) Despite 40% Decline Over the Past Month

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Intuitive Machines, Inc. (NASDAQ: LUNR ) is one of the Best Space Technology Stocks to Buy Now . Intuitive Machines, Inc. (NASDAQ:LUNR) has fallen roughly 40% over the past month, mainly due to profit-taking after the stock reached an all-time high on May 29. Wall Street remains bullish on the stock, with analysts' 12-month price target reflecting more than 124% upside from the current level.

Recently, on July 1, Craig-Hallum maintained a Buy rating on the stock with a price target of $42. The firm highlighted NASA's press conference announcing lunar lander contract awards. During the press conference, Intuitive Machines was awarded $148 million, Firefly Aerospace was awarded $144 million, and Astrobotic got $298 million in contract awards. The firm calls Intuitive Machines and Firefly awards roughly in line with expectations, while Astrobotic's award came in higher than anticipated.

Craig-Hallum also praised new NASA administrator Isaacman's approach, citing a steady cadence of well-considered awards, more efficient use of resources, and a strategy focused on partnering with commercial space players.

Moreover, earlier on June 24, Analyst Mike Crawford from B. Riley maintained a Buy rating on the stock with a price target of $45. The analyst noted the recent stock weakness as a buying opportunity and noted that the company is making progress building an end-to-end space and lunar infrastructure stack, backed by a $1.1 billion order backlog. The firm also noted multiple near-term catalysts that could meaningfully grow this backlog and argued the sell-off created an attractive entry point.

Intuitive Machines, Inc. (NASDAQ:LUNR) is a space exploration, infrastructure, and services company. It contributes to the establishment of cislunar infrastructure and helps develop cislunar and deep-space commerce.

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READ NEXT: 10 Good Stocks to Invest in Now and 10 Most Undervalued US Stocks According to Hedge Funds .

Sinergia Empresarial continuará el seguimiento de esta información sobre craig-Hallum Maintains a Buy on Intuitive Machines (LUNR) Despite 40% Decline Over the Past Month y ampliará la cobertura conforme se confirmen nuevos elementos relevantes para el ecosistema empresarial.