Analyst Amit Dayal of H.C. Wainwright reiterated a Buy rating on Eve Holding (EVEX – Research Report), boosting the price target to $8.00.
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Amit Dayal has given his Buy rating due to a combination of factors influencing Eve Holding’s market potential and financial projections. The recent executive order signed by President Trump, which aims to accelerate the deployment of drones and electric aircraft, is seen as a catalyst for market growth in public safety, defense, and military sectors. This regulatory support is expected to enhance the adoption of eVTOLs and drones, thereby expanding Eve Holding’s market opportunities.
Furthermore, Eve Holding’s business model, which includes revenue streams from direct sales, maintenance services, and urban air traffic management systems, is projected to generate significant revenues in the coming years. With expectations of initial revenues reaching $10 million in 2027 and exceeding $1.5 billion by 2029-2030, the company is poised for substantial growth. Despite anticipated expenses in R&D and SG&A, the company’s financial strategy, including potential capital raises, supports its expansion plans. The $8 price target reflects a 10% execution risk applied to a discounted cash flow analysis, reinforcing the Buy rating.
In another report released on June 5, Jefferies also maintained a Buy rating on the stock with a $7.00 price target.