Analyst Austin Moeller from Canaccord Genuity maintained a Buy rating on Vertical Aerospace (EVTL – Research Report) and keeping the price target at $13.50.
Austin Moeller has given his Buy rating due to a combination of factors that highlight Vertical Aerospace’s promising position in the eVTOL market. The company’s VX4 prototype is designed as a full-scale aircraft, allowing for more efficient data collection and a streamlined certification process. This approach contrasts with competitors who scale up from subscale models, potentially complicating development. Additionally, the VX4 offers superior passenger comfort and cargo capacity, making it an attractive option for premium travelers.
Vertical Aerospace benefits from a strong technical team, including experienced test pilots and engineers with significant industry backgrounds. This depth of expertise supports the company’s ability to develop a commercially viable eVTOL aircraft. Furthermore, the company’s strategic interest in securing a battery OEM or a large aerospace and defense partner as an investor could enhance its financial and technological capabilities. These factors, combined with the potential for reduced operational costs and innovative applications, underpin Moeller’s positive outlook on Vertical Aerospace’s stock.
In another report released on March 11, H.C. Wainwright also maintained a Buy rating on the stock with a $12.00 price target.