In a report released yesterday, Amit Dayal from H.C. Wainwright reiterated a Buy rating on Surf Air Mobility, Inc., with a price target of $12.00.
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Amit Dayal has given his Buy rating due to a combination of factors that highlight Surf Air Mobility, Inc.’s promising financial and strategic developments. The company reported a significant increase in revenue for the second quarter of 2025, with a notable improvement in gross profit compared to the previous quarter. This financial growth, coupled with a reduction in adjusted EBITDA loss, suggests a positive trajectory for the company’s financial health.
Moreover, Surf Air Mobility has strengthened its balance sheet through recent financing activities and the equitization of convertible notes, which enhances its ability to pursue growth initiatives. The company’s strategic partnerships and advancements in its SurfOS software platform, along with its ongoing efforts towards electric aircraft certification, position it well for future expansion in the regional air mobility market. These factors, combined with the potential for a business model transformation towards higher margins, underpin the Buy rating recommendation.
Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is neutral on the stock.