Morgan Stanley analyst Tim Hsiao has maintained their bullish stance on EH stock, giving a Buy rating on October 2.
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Tim Hsiao has given his Buy rating due to a combination of factors that highlight EHang Holdings’ strategic advancements and market potential. The launch of the VT35, a new pilotless eVTOL aircraft, represents a significant technological innovation with a 200km range, catering to mid- and long-range transport needs. This model offers cost efficiency and operational flexibility, being capable of fully autonomous navigation, which positions it well for urban trips and enhances its appeal in the growing market for air mobility solutions.
Moreover, the VT35’s design, which includes advanced sensor systems and safety features, addresses the demand for reliable and safe transport. The aircraft’s ability to serve a variety of use cases, such as logistics and emergency response, expands its market potential beyond the existing EH-216 model. Tim Hsiao’s rating reflects confidence in EHang’s ability to capitalize on these innovations and the expected operational approvals that will further solidify its market position.
According to TipRanks, Hsiao is a 3-star analyst with an average return of 5.1% and a 47.29% success rate. Hsiao covers the Consumer Cyclical sector, focusing on stocks such as Nio, XPeng, Inc. Class A, and BYD Co.
In another report released on October 2, DBS also initiated coverage with a Buy rating on the stock with a $28.00 price target.