Intuitive Machines shares surge 10.67% intraday following Canaccord's $22.50 price target hike and bullish lunar infrastructure progress.

Intuitive Machines Inc. surged 10.67% intraday after Canaccord upgraded its price target to $22.50 from $15.50, citing a brighter 2026 space landscape. The firm highlighted Intuitive Machines’ role in lunar infrastructure, including its Nova-C lander’s mission success and strategic partnerships for communication and navigation systems. These developments position the company as a key player in the emerging lunar economy, driven by recurring infrastructure demand and upcoming NASA missions. While technical indicators and insider selling raised caution, the analyst upgrade and optimism around the firm’s foundational role in lunar operations fueled the intraday rally.