Intuitive Machines Stock (LUNR) Lower Despite Analyst Price Target Increase

Intuitive Machines Inc. (NASDAQ: LUNR) is experiencing a decline in its stock price this morning, despite seeing a price target hike at Canaccord.

In pre-market trading, Intuitive Machines' stock is down 1.78%, trading at $18.23, a decrease of 33 cents from the previous close. This follows a more substantial 5.45% decline during Friday's trading session. This downward pressure occurs in the wake of Canaccord raising its price target on LUNR shares to $22.50 from $15.50, maintaining a “Buy” rating. The firm's adjustment was part of a broader reevaluation of aerospace and defense technology targets for 2026.

The present stock activity reflects a period of volatility for Intuitive Machines. Earlier in November 2025, Canaccord Genuity had reduced its price target on the stock from $18.50 to $15.50, while still maintaining a “Buy” rating, a sign of cautious optimism regarding the company's growth prospects.

This was followed by Stifel downgrading Intuitive Machines from “Buy” to “Hold” in January 2026. While Stifel raised its price target from $18.00 to $20.00, the downgrade was attributed to uncertainty surrounding the imminent NASA Lunar Terrain Vehicle (LTV) contract decision. Stifel cited an “unpredictable political climate” as a potential factor influencing the contract award.

Price Targets

Ultimately, Intuitive Machines' stock performance in the near term will likely depend on developments related to the NASA LTV contract. Should the company secure the contract, the stock could see a significant boost, potentially validating Canaccord's optimistic price target. However, a negative outcome could lead to further declines, underscoring the importance of this contract to the company's future. This market activity suggests investors are wary of external factors influencing the company's success.