Intuitive Machines (LUNR) Stock Surges 11% to New High — And Analysts Think It Has Further to Go

TLDR

• Cantor Fitzgerald raised its LUNR price target to $43 from $26, maintaining an Overweight rating
• LUNR hit a new 52-week high, trading up ~11.74% on Tuesday, with the stock up roughly 238% over the past year
• Intuitive Machines reaffirmed its fiscal 2026 revenue guidance of $900 million to $1 billion
• A contract decision on the Lunar Terrain Vehicle (LTV) award is expected by end of this week
• SpaceX IPO speculation triggered a broader space sector rally, boosting LUNR alongside peers

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Intuitive Machines (LUNR) stock hit a new 52-week high on Tuesday, trading up around 11.74% to $41.92 in premarket, as a wave of space sector enthusiasm swept through the market.

Intuitive Machines, Inc., LUNR

The rally was driven by two things happening at the same time: fresh analyst upgrades and a surge of excitement around a potential SpaceX IPO.

Cantor Fitzgerald raised its price target on LUNR to $43 from $26, keeping its Overweight rating intact. The firm cited strong near-term catalysts, including a decision on the Lunar Terrain Vehicle contract expected before the end of this week.

Management has said it is confident in winning that award.

The stock is currently trading near its 52-week high of $38.55, and has gained roughly 238% over the past year. It is trading 39.7% above its 20-day moving average and 158.2% above its 200-day moving average.

Analyst Price Targets

Multiple analysts have raised their forecasts recently. B. Riley Securities has a Buy rating with a $45 target. Canaccord Genuity also holds a Buy with a $41 target. The stock’s average analyst price forecast sits at $34.38, which LUNR has now blown past.

Cantor Fitzgerald sees the Andromeda multi-year contract, awarded by the U.S. Space Force, as additional upside not yet priced into current estimates. Intuitive Machines was selected as one of 14 awardees under the 10-year IDIQ contract, which carries a potential total value of $6.24 billion.

The contract’s initial value is up to $1.84 billion, spread across all 14 awardees.

Other recent wins include NASA’s $180.4 million IM-5 lunar mission contract and a deal to operate the Lunar Reconnaissance Orbiter Camera.

The company’s IM-3 Mission to the moon remains on track for the second half of 2026.

Q1 Earnings Miss

First-quarter results were a mixed picture. Intuitive Machines posted a loss of $0.25 per share, wider than the Wall Street estimate of $0.06. Revenue came in at $186.7 million, below the $200.12 million consensus.

That said, revenue was up sharply from $62.52 million in the same quarter a year earlier, a 54% increase over the trailing twelve months.

Despite the miss, the company stood by its full-year 2026 revenue guidance of $900 million to $1 billion, in line with analyst expectations of $922.88 million. Cantor Fitzgerald expects revenue to climb from roughly $210 million in fiscal 2025 to over $900 million in fiscal 2026, partly driven by the acquisition of Lanteris.

The broader space sector got a boost from SpaceX’s public filing for what could be the largest IPO on record. Redwire and MDA Space also posted gains on the news.

LUNR carries a Benzinga Edge momentum score of 98.75, placing it in the top tier of momentum-driven stocks relative to the broader market.

A golden cross formed in November 2025, when the 50-day moving average crossed above the 200-day moving average — a technical setup that has held through the current run.

InvestingPro has flagged that the stock may be overvalued at current levels.