CMB International Securities analyst Wayne Fung maintained a Buy rating on Ehang Holdings (EH – Research Report) yesterday and set a price target of $30.00.
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Wayne Fung has given his Buy rating due to a combination of factors that highlight EHang Holdings’ potential for future growth. Despite a decline in the delivery of eVTOL aircrafts in the first quarter of 2025, attributed to delays in product delivery, EHang is expected to recover in the second quarter. The company remains optimistic about achieving significant revenue growth in 2025, with a target of RMB900 million, representing a 97% year-over-year increase.
EHang’s strategic advantage as the first company in China to secure essential certifications for mass production of eVTOL aircrafts positions it well in the market. Additionally, the upcoming launch of the VT35, a next-generation pilotless eVTOL, and the gradual initiation of commercial operations are expected to enhance its market presence. These factors, along with a stable financial position and a promising outlook for the low-altitude economy, support Wayne Fung’s Buy recommendation for EHang Holdings.
Fung covers the Industrials sector, focusing on stocks such as Ehang Holdings, Sany Heavy Equipment International Holdings Co, and J&T Global Express Limited. According to TipRanks, Fung has an average return of -4.1% and a 36.54% success rate on recommended stocks.
In another report released yesterday, Bank of America Securities also reiterated a Buy rating on the stock with a $24.00 price target.