Diamond Member Pelican Press 0 Posted May 6, 2024 Diamond Member Share Posted May 6, 2024 Morgan Stanley says this flying car stock can surge nearly 60% Morgan Stanley says EHang , a maker of flying cars, is poised to be a leading player as eVTOL , or electric vertical take-off and landing vehicles, become more commercial. “We view EHang as a pioneer in the urban air mobility (UAM) market – with the world’s first [type certificate] awarded, validated products, and access to a multi-trillion [renminbi total addressable market] in China,” analyst Cindy Huang wrote on Sunday. The Wall Street investment bank began research coverage of the EHang stock with an overweight rating and a $27.50 per share price target, implying more than 58% upside from Friday’s $17.38 close. EHang stock has risen roughly 3.4% in 2024 through Friday, and is up almost another 6% in early trading Monday. EH YTD mountain EHang stock. The issuance of the the certificate from the Civil Aviation Administration of China in April is a major turning point for EHang, as the companycleared a key hurdle to begin mass production of its EH216-S pilotless eVTOL aircraft. Huang added that the company’s potential growth in China is tied to the expansion of aerial sightseeing and tourism, benefiting the so-called “low altitude economy” to which EHang caters. “This represents a substantial emerging market, and EHang (EH), as a market bellwether with first-mover advantage, is poised to capture significant growth potential, in our view,” the analyst said. — CNBC’s Michael Bloom contributed to this report. This is the hidden content, please Sign In or Sign Up Investment strategy,Stock markets,Ehang Holdings Ltd,Morgan Stanley,China,business news #Morgan #Stanley #flying #car #stock #surge This is the hidden content, please Sign In or Sign Up 0 Quote Link to comment https://hopzone.eu/forums/topic/27328-morgan-stanley-says-this-flying-car-stock-can-surge-nearly-60/ Share on other sites More sharing options...
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