On August 14, Intuitive Machines rose 9.34% in regular trading, trading at $19.87 per share, with turnover of $40.97 million. The rebound follows Stifel upgrading the company from Hold to Buy and the firm reaffirming its full-year revenue guidance of $900 million to $1 billion.
Stifel adjusted its price target to $26 from $32 while upgrading the rating, signaling continued confidence in the company's growth trajectory. According to FactSet, the average analyst rating remains Buy with a mean price target of $33.44. Multiple analysts revised their forecasts following Q2 results, with the maintained revenue guidance providing reassurance after the stock dropped approximately 14.6% the prior session.
The prior-day selloff was triggered by Q2 earnings that significantly missed expectations, with a loss of $0.29 per share versus the consensus estimate of a $0.09 loss, and revenue of $206.2 million versus the $216-220 million expected. However, record backlog reaching $1.8 billion and quadrupled year-over-year revenue growth underscored underlying business momentum, helping drive the recovery alongside the investment bank upgrade.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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