Stock Track | Intuitive Machines Soars 5.24% Intraday After Deutsche Bank Adds It to Market-Beating 'Fresh Money' List

Stock Track04-02 22:08

Shares of Intuitive Machines (LUNR) soared 5.24% during intraday trading on Thursday, marking a significant upward move for the space exploration company.

The surge follows news that Deutsche Bank added Intuitive Machines to its quarterly "Fresh Money" list of top stock picks for the next 12 months. Analyst Edison Yu highlighted the company's core offerings to study and prepare the moon for a permanent human base, seeing a "long runway of growth as the U.S./allies accelerate spending as part of space race vs. China." The bank also noted that last year's acquisition of defense and communication satellite maker Lanteris will help expand its revenue stream.

Deutsche Bank set a price target of $22 for Intuitive Machines, representing potential upside from its trading level around $20 at the time of the report, providing a clear catalyst for investor optimism.

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