Overview
- Clear Street's Greg Pendy kept a Buy rating and lifted the price target to $25 from $17, citing a revaluation tied to the Lanteris deal.
- The Lanteris acquisition is expected to close by the second quarter of 2026 and is projected to be accretive to revenue and adjusted EBITDA.
- Clear Street now models $1.045 billion in combined 2027 revenue versus a prior $452 million and applies an approximately 6x revenue multiple while factoring expected dilution.
- LUNR shares rose to about $15.70 on Monday and were higher again Tuesday as investors responded to the target increases.
- B. Riley raised its target to $20 with a Buy rating, while analysts flagged potential catalysts such as the Lunar Terrain Vehicle and CLPS IM-5 contract decisions and noted balance sheet strength with more cash than debt and a 6.28 current ratio.