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AI compiled from Infoway · 3 analyzed stories

B. Riley Securities maintains Intuitive Machines at Buy, lowers price target to $34 from $43

B. Riley Securities maintained its Buy rating on Intuitive Machines and lowered its price target to $34 from $43, a 20.9% decrease. The revised target implies 224.4% upside from the November 3 closing price of $10.48.

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What happened

B. Riley lowered its price target for Intuitive Machines from $43 to $34 before the company’s third-quarter report. It kept its Buy rating, lowered its fiscal 2027 valuation multiple because of weakness across the sector, and expects a larger backlog and third-quarter revenue above analyst expectations.

Global impact / market context

The lower target shows B. Riley now places a lower value on the company, despite keeping its positive rating. The firm still expects stronger backlog and revenue, but these are expectations, not reported results.

What to watch

  1. Check the third-quarter report for revenue and compare it with analyst expectations; B. Riley expects revenue above them.
  2. Check whether the company’s backlog grows; B. Riley expects expansion, which could support future work.
  3. Check for changes to B. Riley’s rating or target after the report; its target fell while its Buy rating stayed in place.

Affected assets

  • Intuitive Machines

Evidence