Analyst: Intutive Machines will have nearly 50% of the future

Analysts believe that after a decline in the stock of Intuition Machines, there may be nearly 50 per cent room for future increases. Stifel moved the rating of the company from holding to buying because of the significant increase in its new orders and the backlog from $1.06 billion to $1.76 billion. Although the target price was revised downwards from $32 to $26, some 48 per cent of the increase potential was implied. The company increased its revenue in the second quarter by 310 per cent over the same period, to approximately $206 million, and the increase in the backlog of orders shows a strong development in its operations。