LUNR Stock Eyes Third Week Of Gains: Analyst Still Sees 37% Upside

• Roth Capital cited strong Q1 performance, a rising contract backlog, and a new ground station acquisition as reasons for its upbeat outlook.
• Intuitive Machines reported its backlog climbed to $1.1 billion.
• The company plans to acquire Goonhilly Earth Station and COMSAT to expand its communications network. 

Intuitive Machines (LUNR) is on track to extend its winning streak into a third consecutive week on Friday, after touching a three-year high in the previous session as the company moves toward becoming a diversified aerospace infrastructure operator with expanding commercial and government exposure.

LUNR Gains Price Target Boost 

On Thursday, Roth Capital lifted its price target for Intuitive Machines sharply from $35 to $50 while maintaining a ‘Buy’ rating, as per TheFly. The change shows confidence in the company’s lunar infrastructure business and stronger opportunities in the expanding space industry. 

The new price target implies a 37% upside potential to the stock’s closing price on Thursday. 

Roth Capital highlighted stronger-than-expected combined operational results in fiscal first-quarter (Q1), a growing backlog of contracted work, and the strategic acquisition of an additional ground-station asset as key drivers of the revised outlook. 

The firm said that Intuitive Machines is strengthening mission capacity and reliability ahead of anticipated demand from NASA programs, while also reducing its reliance on a narrow set of government lunar contracts.

Intuitive Machines’ stock traded more than 2% lower overnight heading into Friday. 

LUNR’s Financial Performance And Goonhilly Acquisition 

Intuitive Machines reported a Q1 revenue of $186.7 million, nearly tripling the $62.5 million last year, with a loss of $0.25 per share. However, both the metrics missed the analysts’ consensus estimates of $205 million and a loss of $0.07 per share, respectively, according to Fiscal AI data. 

The company’s backlog climbed to $1.1 billion, more than quadrupling from last year, following $842 million in new Q1 orders. The firm reiterated full-year 2026 guidance of $900 million to $1 billion, compared to the Street estimate of $944 milion. 

Additionally, the company announced plans to acquire U.K.-based Goonhilly Earth Station and COMSAT, a move aimed at expanding its space-to-Earth communications network. 

The deal would add 44 antennas and strengthen the company’s deep-space communications, data relay, spacecraft control, and Position, Navigation and Timing (PNT) capabilities for lunar missions. 

LUNR Retail Traders View

On Stocktwits, retail sentiment around the stock remained in ‘extremely bullish’ territory with message volume increasing over 50% in 24 hours. 

A user said, “If Sandisk can go from mid 30s May 2025 to $1,400 May 2026 that means we have a great chance hitting just half that number at $700 this time next year! Full moon ride has begun.”

Another user said, “These acquisitions are bolstering for the Andromeda play. Zoom out fellas, the future is bright.”

LUNR stock has gained 125% year-to-date. 

Also See: Ondas Stock Eyes Best Week In 4 Months: CEO Says 'Our Plan Is Working'

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