UBS initiated coverage of EHang with a Buy rating and $22 price target. Electric vertical take-off and landing, or eVTOL, is an industry at the “early stage of commerciality” and EHang is the world’s first company to obtain approval for eVTOL production and sales, two to three years ahead of peers, the analyst tells investors. The firm sees this first-mover advantage as making it likely that EHang maintains its technology and cost lead and 50% market share in eVTOL applications through 2025-2030, the analyst added.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EH:
- EHang Holdings Soars with Record Q2 Growth
- Options Volatility and Implied Earnings Moves This Week, August 19 – August 22, 2024
- Ehang Holdings Ltd (EH) Q2 Earnings Cheat Sheet
- EHang to Report Second Quarter 2024 Unaudited Financial Results on Thursday, August 22, 2024
- EHang Holdings Ltd call volume above normal and directionally bullish