3 Flying Cars Stocks to Buy on the Dip: June 2024
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 26 2024
0mins
Source: Business Insider
Flying Cars Market Overview:
- Refers to electric vertical takeoff and landing aircraft (eVTOLs) that are cheaper, safer, and simpler than helicopters.
- Designed for short city trips and airport transportation, with potential military use.
- Offer a cost-effective alternative to helicopters and commercial airplanes.
Archer Aviation (ACHR):
- Progressing to offer eVTOL services in the UAE, India, and South Korea by 2026.
- Received airworthiness certification from the FAA and partnered with Stellantis and United Airlines.
- Plans to operate in Silicon Valley and target tech-savvy consumers.
Eve Mobility (EVE):
- A subsidiary of Embraer, securing orders in Asia, particularly Japan.
- Collaborating with customers in Australia, India, and South Korea.
- Orders for 3,000 eVTOLs with service expected to start in 2026.
Joby Aviation (JOBY):
- Obtained FAA approval for its software platform for eVTOL operations.
- Partnered with Delta Air Lines and signed a contract with the U.S. Air Force.
- Testing aircraft and planning to start services in the UAE by early 2026.
Analyst Views on STLA
Wall Street analysts forecast STLA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for STLA is 11.18 USD with a low forecast of 9.32 USD and a high forecast of 14.56 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
16 Analyst Rating
7 Buy
9 Hold
0 Sell
Moderate Buy
Current: 10.170
Low
9.32
Averages
11.18
High
14.56
Current: 10.170
Low
9.32
Averages
11.18
High
14.56
About STLA
Stellantis N.V., formerly Fiat Chrysler Automobiles N.V., is a holding Company based in the Netherlands and operates as an automaker and a mobility provider. The Company is engaged in designing, engineering, manufacturing, distributing and selling vehicles, components and production systems. The Company has industrial operations in more than 30 countries and sells its vehicles directly or through distributors and dealers in more than 130 countries. The Company designs, manufactures, distributes and sells vehicles for the mass-market under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia and Ram brands. In addition, the Company designs, manufactures, distributes and sells luxury vehicles under the Maserati brand. The Company's brand portfolio also includes Peugeot, Citroen, DS Automobiles, Opel and Vauxhall. It offers a wide variety of vehicle choices from luxury and mainstream passenger vehicles to pickup trucks, sport utility vehicle (SUVs).
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.





