Analyst Amit Dayal of 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 tied to Surf Air Mobility’s evolving business model and growth outlook. He views 2026 as a pivotal year in which the company is expected to deliver 20–30% revenue expansion, driven in part by commercialization of the SurfOS platform and a planned shift toward higher-margin On Demand air services.
Dayal also highlights management’s deliberate move away from capital-intensive aircraft development toward a technology and platform-centric strategy, which he believes lowers financial risk and shortens the path to profitability. In his view, the partnership with BETA Technologies, including the prospect of being an early operator of certified electric aircraft and running an exclusive regional MRO hub in Hawaii, could create scalable, high-margin revenue streams that are not yet fully reflected in the current valuation.