Canaccord raised the firm’s price target on Surf Air Mobility (SRFM) to $3.75 from $3 and keeps a Hold rating on the shares. The firm updated its model following results and nted management’s update on its transformation plan among other recent developments within the business. Canaccord remains encouraged by the copmany’s progress on right-sizing passenger flight operations and reducing the overall cost structure of the business.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SRFM:
- Surf Air Mobility, Inc.: Strong Financial Growth and Strategic Advancements Justify Buy Rating
- Surf Air Mobility’s Earnings Call Highlights Growth and Profitability
- Surf Air Mobility Exceeds Q2 2025 Financial Expectations
- Surf Air Mobility backs FY25 revenue view over $100M, consensus $101.9M
- Surf Air Mobility reports Q2 EPS ($1.34) vs ($2.31) last year