Surf Air Mobility initiated with an Outperform at Northland

Northland initiated coverage of Surf Air Mobility (SRFM) with an Outperform rating and $5 price target. Surf operates one of the largest regional commuter airlines and management “had the foresight to realize data from the operations was unique and could fuel the creation of the first aviation operating system for regional aviation,” the analyst tells investors. Palantir (PLTR) agreed and is building the tech with Surf and is a top shareholder, adds the analyst, who expects material revenue acceleration with initial traction “now here.”