Clear Street raised its price target on Intuitive Machines (NASDAQ: LUNR) to $25 from $17 while maintaining a Buy rating, reflecting the expected impact of the company’s acquisition of Lanteris.
The firm said the Lanteris acquisition, expected to close by the second quarter of fiscal 2026, was projected to be accretive to both revenue and adjusted EBITDA and had been incorporated into its updated financial model. Clear Street said the transaction created a next-generation space prime with direct exposure to multi-billion-dollar space programs, aligning with growing U.S. investment in lunar exploration.
The analyst identified several potential catalysts through 2026, including announcements related to the Lunar Terrain Vehicle contract, the CLPS IM-5 mission, and increased opportunities for higher-margin prime contracts tied to Lanteris.
Clear Street said its new price target was based on a maintained valuation multiple of roughly 6x projected 2027 revenue of $1.045 billion for the combined Intuitive Machines and Lanteris business, up from a prior estimate of $452 million, with expected dilution from the acquisition reflected in enterprise value.
