Intuitive Machines stock jumps 8% as Wall Street backs $1.8B backlog
Intuitive Machines stock rose 8% after Stifel upgraded the company to Buy from Hold, with analysts emphasizing the company's $1.8B order backlog as a sign of long-term growth despite a recent earnings miss.
Why it matters — The upgrade and analyst support suggest that Wall Street is focused on Intuitive Machines' contract pipeline rather than near-term financial results, which could reinforce confidence in the company's growth trajectory.