BUZZ-Intuitive Machines rises after brokerages lift PT on upbeat revenue

Reuters11-15

** Space exploration company Intuitive Machines' shares rise 10.2% to $11.28 in early market hours

** LUNR on Thursday posted ~360% yoy rise in Q3 revenue, helped by NASA contracts to deploy lunar relay satellites, deliver payloads and provide communication and navigation services

** Q3 revenue $58.5 mln vs LSEG compiled estimate of $50.9 mln

** Brokerages see LUNR positioned to secure more program wins and execute successful lunar missions in upcoming quarters

** Benchmark lifts PT to $16 from $10, Canaccord to $12.5 from $11, Roth MKM to $15 from $10 and Cantor Fitzgerald to $15 from $10

** Five brokerages rate the stock "buy"; their median PT is $15 - LSEG compiled data

** "LUNR's execution is now accelerating just as a favorable backdrop with a new Presidential Administration who appears highly supportive of space and geopolitics but also cost conscious and supportive of commercial models," says Benchmark

** As of last close, stock had risen 341.3% YTD

(Reporting by Aatreyee Dasgupta)

((Aatreyee.Dasgupta@thomsonreuters.com))

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