Cautious Optimism for Surf Air Mobility Amidst Delayed SurfOS Rollout and Market Uncertainty

In a report released yesterday, Austin Moeller from Canaccord Genuity maintained a Hold rating on Surf Air Mobility, Inc. (SRFM – Research Report), with a price target of $3.25.

Austin Moeller has given his Hold rating due to a combination of factors surrounding Surf Air Mobility, Inc. The company has introduced its SurfOS platform, which includes three AI-enabled software products aimed at enhancing efficiency in the Regional Air Mobility industry. These products, BrokerOS, OperatorOS, and OwnerOS, are designed to streamline operations for charter brokers, aircraft operators, and private aircraft owners, respectively. However, the full commercial release of these products is not expected until 2026, which introduces a level of uncertainty regarding their future impact and adoption.
While the potential for modernization in the aviation industry is significant, the current reliance on outdated systems and the delayed rollout of SurfOS may limit immediate growth prospects. Additionally, Surf Air Mobility’s existing agreements with beta users suggest a promising start, but the broader market adoption remains to be seen. Given these factors, Moeller’s Hold rating reflects a cautious optimism, acknowledging the potential benefits of SurfOS while recognizing the challenges and timeline associated with its implementation.

SRFM’s price has also changed moderately for the past six months – from $3.500 to $2.510, which is a -28.29% drop .