We recently published Wall Street can’t keep up: 10 big names on the rise. Intuitive Machines Inc. (NASDAQ:LUNR) was one of the best performers on Thursday.

Intuitive Machines rallied 11.20 percent on Thursday to end at $17.67 each, after one investment firm reiterated bullish coverage for the stock.

In a market report, B. Riley reaffirmed its “buy” recommendation and price target of $25, marking a potential upside of 41 percent from its last close price.

This followed the sale of shares in the listed company for $175 million as it aims to raise funds to support revenue expansion and investment in technologies to advance communications networks and data processing, including the extension of flight-proven satellite platforms to these growing markets. The transaction is expected to close tomorrow, February 27.

In addition, Intuitive Machines Inc. (NASDAQ:LUNR) intends to invest in expanding its Near Space Network Services (NSNS) and establishing an Earth-independent Solar System Internet.

“Through investments in Lanteris platforms, specifically the 1300 series, the company believes it can increase market share in geostationary orbit, expand capability around the Moon, expand capability to Mars and support emerging high-power on-orbit data processing and edge computing,” he said.

“The company believes this investment will enhance its ability to earn and execute higher margin, recurring revenue programs such as the Golden Dome initiatives, the Satellite Data Relay and Tracking System, the Mars Telecommunications Orbiter, as well as the evolution of the space-based orbital data center market,” he noted.

While we recognize the potential of LUNR as an investment, our conviction lies in the belief that some AI stocks are more promising to deliver higher returns and have limited downside risk. If you’re looking for an extremely cheap AI stock that’s also a big beneficiary of Trump’s tariffs and onshoring, check out our free report on the best short term AI stock.

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