Overview
- KeyBanc raised its price target to $26, with Canaccord lifting to $22.50 and Stifel moving to $20 while shifting the rating to hold.
- Shares approached a 52-week high after a recent run that one analyst said reached their target with a 72% gain.
- Coverage highlights a pending $800 million purchase of Lanteris Space Systems that, if completed, would add GEO/LEO satellite manufacturing and boost pro forma scale.
- Near-term milestones cited include the IM-3 lunar mission planned for Q1 2026 plus potential roles in NASA’s NSNS program and the Lunar Terrain Vehicle award.
- Analysts note execution and financial risks, including prior hard landings, OMES III revenue pressure, and negative EBITDA, even as management targets profitability in 2026.