Key Stats for Intuitive Machines Stock
- Price change for Intuitive Machines stock in last 1 month: 41%
- $LUNR Stock Price as of Aug. 14: $19
- 52-Week High: $47
- $LUNR Stock Price Target: $31
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What Happened?
Intuitive Machines (LUNR) stock jumped 8% on Friday after Stifel Financial upgraded the space company to Buy from Hold, pointing to a surging order backlog even though Q2 earnings missed Wall Street’s expectations. The stock has now climbed for four straight sessions.
The quarter itself was a mixed bag. Intuitive Machines posted record revenue of $206.2 million, more than four times the $50.3 million from a year earlier.
But that still fell short of the roughly $221.1 million analysts expected. The company’s loss also widened to $0.29 per share from $0.22 a year earlier, missing the expected $0.10 per share loss.
Despite the miss, the backlog caught Stifel’s attention.
Intuitive Machines ended the quarter with a record backlog of about $1.8 billion, up sharply from $1.5 billion at the end of December. The company has also secured $300 million in new awards so far this quarter from commercial, civil, and national-security customers.
That backlog spans satellite manufacturing, lunar lander missions, and communications infrastructure, giving investors a much clearer picture of future revenue than the current quarter’s numbers alone.
Stifel lowered its price target to $26 from $32, but that new target still implies around 37% upside from current levels. According to Koyfin, the stock carries a consensus 12-month price target of $31.67, with 8 of 10 analysts rating it a Buy, one at Hold, and one at Sell.
Looking ahead, Intuitive Machines maintained its full-year 2026 revenue outlook of $900 million to $1 billion and continues to expect positive adjusted EBITDA for the year.
The company ended the quarter with $367 million in cash, giving it room to keep investing in production capacity as it works through its expanding order book.
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What the Market Is Telling Us About Intuitive Machines Stock
The strength of today’s move in Intuitive Machines stock shows investors are willing to look past a near-term earnings miss when the underlying growth story, in this case a rapidly expanding backlog, looks this strong.
Stifel’s decision to upgrade the stock even while trimming its price target suggests the firm sees the order acceleration and current valuation as more important than one quarter’s bottom-line shortfall.
Retail investor sentiment has also turned notably bullish. Message volume on Stocktwits jumped 320% over the past 24 hours, with sentiment described as “extremely bullish.”
Some retail traders are calling for the stock to reach $50, while others see the backlog growth as a sign that a broader revaluation could be coming.
With shares up about 6% year to date and now getting a fresh vote of confidence from Wall Street, Intuitive Machines stock appears to be benefiting from a shift in how investors are weighing near-term financial misses against long-term contract visibility.
The company’s diversification across civil, commercial, and national security customers seems to be a key part of that story going forward.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
