Intuitive Machines (LUNR) stock surged 5.07% in the pre-market session on Friday morning. The sharp rise came after Roth MKM raised its price target on the company to $20 from $15, maintaining a Buy rating on the shares.
The positive analyst action followed Roth MKM hosting a meeting with Intuitive Machines' management. Details on the reasons for the increased price target were not provided, but analyst actions like price target hikes can drive a stock's movement.
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