Intuitive Machines: Canaccord Genuity Keeps Buy Rating with Lower PT of $18.5

Intuitive Machines: Canaccord Genuity Keeps Buy Rating with Lower PT of $18.5

Title: Intuitive Machines: Canaccord Genuity Keeps Buy Rating with Lower PT of $18.5

Houston, TX - Intuitive Machines (NASDAQ: LUNR), a leading space exploration, infrastructure, and services company, has seen its stock price target adjusted downward by Canaccord Genuity Group. The brokerage firm, which currently holds a "buy" rating on the stock, has reduced its price target from $21.50 to $18.50, indicating a potential upside of 86.00% from the stock's previous close. This adjustment comes amid a series of recent developments for the company, including a proposed private offering of $250 million in convertible senior notes due in 2030 [1].

Intuitive Machines announced plans to issue $250 million in convertible senior notes through a private offering to qualified institutional buyers. The company aims to use the proceeds for general corporate purposes, including operations, research and development, and potential acquisitions. The notes will be senior, unsecured obligations of Intuitive Machines, accruing interest at an annual rate payable semiannually in arrears starting April 1, 2026. They will mature on October 1, 2030, unless earlier converted, redeemed, or repurchased [1].

The company's shares have been trading lower in extended trading following the announcement. As of June 30, Intuitive Machines had approximately $344.9 million of total cash and cash equivalents. The notes will only be offered and sold to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended [1].

Intuitive Machines' stock has experienced fluctuations in recent months. On Friday, August 8, 2025, shares traded down $0.25, hitting $10.22. The company's 52-week range is $3.40 to $24.95, with a market capitalization of $1.82 billion. The stock has a PE ratio of -3.16 and a beta of 1.40 [2].

The company's latest earnings report showed a loss of $0.11 per share for the quarter, missing the consensus estimate of ($0.06). Revenue for the quarter was $50.31 million, compared to analyst estimates of $69.19 million. Analysts anticipate that Intuitive Machines will post 0.73 earnings per share for the current year [2].

Insider buying and selling activity has also been notable. Director Kamal Seyed Ghaffarian sold 80,508 shares of Intuitive Machines' stock on July 11, 2025, at an average price of $12.05. Institutional investors, including Vanguard Group Inc., JPMorgan Chase & Co., and Wells Fargo & Company MN, have increased their stakes in the company [2].

Canaccord Genuity Group's reduction in price target reflects the broader market's sentiment towards Intuitive Machines. While the company continues to operate in a high-growth sector, the dilution potential from the convertible notes offering and the cyclical nature of its lunar missions may contribute to the downward adjustment. Investors should closely monitor the company's progress and the market's reaction to its latest offerings [3].

References:
[1] https://www.ainvest.com/news/intuitive-machines-proposed-private-offering-sparks-hours-decline-lunr-stock-2508/
[2] https://www.marketbeat.com/instant-alerts/intuitive-machines-nasdaqlunr-price-target-cut-to-1900-by-analysts-at-canaccord-genuity-group-2025-08-08/
[3] https://www.investing.com/analysis/intuitive-machines-buythedip-case-rests-on-im3-mission-success-in-2026-200665478