Intuitive Machines shares climbed over 9% on May 28. The company released no material news to trigger the rally.
Roth Capital increased its price target for the stock to $75. The previous target was $50. The firm also maintained its Buy rating.
The gains follow NASA's recent decision to exclude the company from the first phase of the Lunar Terrain Vehicle program. Investors are now prioritizing the company's existing business pipeline. Market focus has shifted toward the potential for future lunar contract awards.