Eve Holding: Strong Growth Potential with $14 Billion Order Book and Strategic Milestones

Analyst Amit Dayal from H.C. Wainwright maintained a Buy rating on Eve Holding (EVEX – Research Report) and keeping the price target at $6.00.

Amit Dayal has given his Buy rating due to a combination of factors that highlight Eve Holding’s potential for growth and development. Despite the company currently being in the development stage with no reported revenues, it has a strong order book valued at approximately $14.0 billion for eVTOLs and an additional $1.6 billion in services and support opportunities. This substantial order book, along with the company’s strategic milestones in technical and certification areas, positions Eve Holding well for future success.
Amit Dayal also notes that the company’s business model, which includes direct sales of eVTOL units, maintenance and support services, and an urban air traffic management system, is expected to generate significant revenues starting in 2027. The projected growth in revenues and gross margins, along with the company’s plans for continued investment in research and development, support the Buy rating. Additionally, the potential for positive developments in the competitive landscape and the company’s funding through 2026 further bolster confidence in Eve Holding’s long-term prospects.

In another report released on May 5, Cantor Fitzgerald also reiterated a Buy rating on the stock with a $5.00 price target.