Analyst Chris Pierce from Needham reiterated a Buy rating on Vertical Aerospace and keeping the price target at $9.00.
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Chris Pierce has given his Buy rating due to a combination of factors that highlight Vertical Aerospace’s strong position in the industry. The company’s recent Capital Markets Day emphasized its unique advantages in regulatory certification and capital management, alongside its larger aircraft design. These elements contribute to a positive outlook, with management showing increased confidence by advancing production and delivery timelines.
Furthermore, Chris Pierce sees Vertical Aerospace as an undervalued asset compared to its industry peers, presenting a compelling investment opportunity. The company’s commitment to achieving significant technical milestones in the near term supports this view. The $9 price target reflects a valuation that is discounted relative to peers, based on projected future earnings, reinforcing the Buy recommendation.
In another report released today, H.C. Wainwright also reiterated a Buy rating on the stock with a $15.00 price target.