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J.P. Morgan Thinks Blade Air Mobility’s Stock is Going to Recover

In a report issued on July 20, Bill Peterson from J.P. Morgan maintained a Buy rating on Blade Air Mobility (BLDEResearch Report), with a price target of $10.00. The company’s shares closed last Thursday at $5.37, close to its 52-week low of $4.16.

According to TipRanks.com, Peterson is a 3-star analyst with an average return of 3.0% and a 47.1% success rate. Peterson covers the Technology sector, focusing on stocks such as Archer Aviation, Joby Aviation, and Plug Power.

Currently, the analyst consensus on Blade Air Mobility is a Strong Buy with an average price target of $10.25.

See the top stocks recommended by analysts >>

Based on Blade Air Mobility’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $26.63 million and GAAP net loss of $11.01 million. In comparison, last year the company had a GAAP net loss of $1.08 million.

Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is neutral on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Experience Investment Corp is a blank check company.

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