Canaccord Genuity analyst Austin Moeller maintained a Buy rating on Eve Holding yesterday and set a price target of $7.00.
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Austin Moeller has given his Buy rating due to a combination of factors that highlight Eve Holding’s strategic advancements and financial management. Despite a widened net loss in Q2/25, primarily due to increased operating expenses for R&D and SG&A, these expenditures are seen as investments in the accelerated development of the Eve-100 eVTOL aircraft. The company’s collaboration with Embraer and the refinement of the aircraft’s design, including the installation of a new rotor configuration, indicate significant progress towards its first flight.
Furthermore, Eve Holding’s liquidity position, with approximately $376 million available, is expected to sustain operations for the next 18 months, aligning with management’s cash consumption guidance. The company’s ability to manage cash burn effectively, coupled with a firm order from Revo for 10 units and 40 options, supports the positive outlook. Although there are delays in flight testing, the anticipated certification and entry into service by 2027, along with the planned construction of confirming prototypes, reinforce confidence in the company’s future growth potential.
In another report released today, H.C. Wainwright also maintained a Buy rating on the stock with a $8.00 price target.