Surf Air Mobility price target lowered to $3.75 from $4 at Canaccord

Canaccord lowered the firm’s price target on Surf Air Mobility (SRFM) to $3.75 from $4 and keeps a Hold rating on the shares. The firm noted they reported their first quarterly profit since its IPO while the 2025 top-line guidance is conservative, the airline business EBITDA is inline with expectations.