Analyst Wayne Fung from CMB International Securities maintained a Buy rating on Ehang Holdings (EH – Research Report) and keeping the price target at $30.00.
Wayne Fung has given his Buy rating due to a combination of factors that highlight EHang Holdings’ promising growth trajectory and strategic advancements. The company has significantly narrowed its net loss in the fourth quarter of 2024, showcasing a 35% year-over-year improvement, which is indicative of its robust operational performance. Furthermore, EHang’s ambitious target to achieve a 97% revenue growth in 2025 underscores its potential for substantial financial gains.
Another critical factor in Wayne Fung’s positive outlook is EHang’s pioneering status as the first manufacturer in China to secure the essential certificates for mass-producing eVTOL aircraft. This achievement places the company 1-2 years ahead of its competitors, providing a competitive edge in the rapidly evolving eVTOL market. Additionally, the anticipated approval of operator certification for its subsidiaries is expected to act as a catalyst for share price appreciation. These strategic moves, coupled with strong sales volume growth and expansion efforts both domestically and internationally, support the Buy rating with a target price of US$30.
EH’s price has also changed dramatically for the past six months – from $12.110 to $21.630, which is a 78.61% increase.
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