Analyst Fiona Liang of Bank of America Securities reiterated a Buy rating on Ehang Holdings (EH – Research Report), reducing the price target to $24.00.
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Fiona Liang’s rating is based on the potential growth opportunities for Ehang Holdings despite a challenging first quarter in 2025. The company reported lower-than-expected sales, primarily due to fewer eVTOL deliveries and delays in procurement processes. However, Ehang’s management remains optimistic about achieving their 2025 revenue target, supported by a strong rebound in orders following the receipt of operational certification in late March 2025.
Moreover, Ehang’s strategic initiatives, such as the upcoming unveiling of the VT35 model and the commencement of trial operations for its operating arms, indicate promising future prospects. The company is expected to benefit from the rapid development of the eVTOL industry in China, which could drive significant growth. As a result, despite the current setbacks, Fiona Liang maintains a Buy rating with a price objective of USD 24, reflecting confidence in Ehang’s long-term potential.