B.Riley cuts Intuitive Machines stock price target on valuation
B.Riley reduced its price target for Intuitive Machines (LUNR) to $34 from $43, citing sector multiple compression. The company reported 117% revenue growth over the last year but trades at a high valuation. B.Riley projects Q3 2026 revenue of $252M and EBITDA of $2.2M. LUNR is set to report Q3 results on November 12. NASA's $10B contract vendor list is expected November 7. Other analysts also lowered price targets but maintained Buy ratings.
How this was made
The 30-second read
Why it matters
Analyst target reductions signal short-term downside risk, yet the upcoming earnings report could provide clarity on profitability trends.
Market read
Multiple analyst downgrades create near-term bearish sentiment ahead of Q3 earnings.
What to watch
Backlog growth to $1.8 bn and strong revenue growth could support a rebound despite lower targets.
Background
Intuitive Machines reported strong revenue growth and a record backlog, but analysts trimmed valuation multiples amid sector pressure.
Ticker impact
B.Riley lowered its price target on Intuitive Machines to $34 and other analysts cut targets, citing valuation compression and upcoming Q3 results.
likely downward pressure as the market prices in the lower valuation multiple
Multiple analysts reduced targets on the same day, indicating consensus on weaker outlook; the stock is already volatile.
Market effects
Space services and lunar payload providers may face broader valuation compression.
U.S. small-cap aerospace segment could see modest pullback.
Limited to investors tracking commercial lunar contracts and related aerospace stocks.
Counterpoint
The price target cuts may be overdone if NASA contracts materialize, offering upside potential.
Key entities
- AnalystB.Riley
Reduced LUNR price target to $34.
- AnalystCanaccord
Lowered target to $39.
- AnalystKeyBanc
Reduced target to $30.
