JPMorgan initiated coverage of EHang (EH) with an Overweight rating and $26 price target The firm expects the global passenger electric vertical take-off and landing aircraft market to grow to $100B by 2040 and notes that EHang holds certificates in China that make it “uniquely positioned to scale from prototypes to a commercial model.” The firm identifies EHang as China’s “leading” eVTOL original equipment manufacturer.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EH:
- EHang Holdings Ltd call volume above normal and directionally bullish
- Ehang Holdings Ltd (EH) Q2 Earnings Cheat Sheet
- EHang Holdings Ltd put volume heavy and directionally bearish
- EHang partners with Wanyi Tianxia for long-range UAV cargo flights
- EHang enters partnership agreement with Reignwood Aviation Group