Investment Agreement: EHang Holdings Limited has signed an investment cooperation agreement with the Hefei government to establish a product hub for its VT35 series of pilotless eVTOL aircraft, involving a total investment of approximately RMB 1 billion and additional support from the government valued at RMB 500 million.
Technological Advancements: The VT35 series, designed for medium- to long-distance air mobility, features significant upgrades in autonomous flight control and propulsion systems, with ongoing efforts to obtain necessary airworthiness certifications to facilitate operations in urban and intercity transport.
EH
$13.26+Infinity%1D
Analyst Views on EH
Wall Street analysts forecast EH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EH is 24.58 USD with a low forecast of 20.00 USD and a high forecast of 28.00 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.
6 Analyst Rating
Wall Street analysts forecast EH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EH is 24.58 USD with a low forecast of 20.00 USD and a high forecast of 28.00 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.
6 Buy
0 Hold
0 Sell
Strong Buy
Current: 13.310
Low
20.00
Averages
24.58
High
28.00
Current: 13.310
Low
20.00
Averages
24.58
High
28.00
JPMorgan
Beatrice Lam
Overweight -> Neutral
downgrade
$21 -> $13
2025-11-24
Reason
JPMorgan
Beatrice Lam
Price Target
$21 -> $13
2025-11-24
downgrade
Overweight -> Neutral
Reason
JPMorgan analyst Beatrice Lam downgraded EHang to Neutral from Overweight with a price target of $13, down from $21. Electric vertical take-off and landing aircraft remain a potential global megatrend and a core pillar of China's low-altitude economy plan, but the regulatory pathway is proving slower and more conditional than expected, the analyst tells investors in a research note. The firm downgrades the stock as its recent Guangzhou immersion tour and management/expert discussions point to a more gradual commercialization phase over the next 12-24 months.
BofA
Buy
downgrade
$24 -> $20
2025-08-27
Reason
BofA
Price Target
$24 -> $20
2025-08-27
downgrade
Buy
Reason
BofA lowered the firm's price target on EHang to $20 from $24 and keeps a Buy rating on the shares. Ehang reported Q2 sales that miss BofA estimates, mainly due to less-than-expected eVTOL deliveries, the analyst tells investors. Factoring in the Q2 miss and the updated eVTOL delivery guidance, the firm cut its 2025, 2026 and 2027 volume sales estimates 41%, 39% and 41%, respectively, but continues to expect Ehang to benefit significantly from the rapid development of the eVTOL aircraft industry in China.
JPMorgan
Overweight
initiated
$26
2025-08-21
Reason
JPMorgan
Price Target
$26
2025-08-21
initiated
Overweight
Reason
JPMorgan initiated coverage of EHang with an Overweight rating and $26 price target. The firm expects the global passenger electric vertical take-off and landing aircraft market to grow to $100B by 2040 and notes that EHang holds certificates in China that make it "uniquely positioned to scale from prototypes to a commercial model." The firm identifies EHang as China's "leading" eVTOL original equipment manufacturer.
BofA
Buy
maintain
$26 -> $24
2025-05-27
Reason
BofA
Price Target
$26 -> $24
2025-05-27
maintain
Buy
Reason
BofA lowered the firm's price target on EHang to $24 from $26 and keeps a Buy rating on the shares following a Q1 miss on lower-than-expected sales. Factoring in Q1 results, the firm cut Ehang's 2025 and 2026 volume sales estimates 7% and 8% and cut its 2025 and 2026 non-GAAP net profit forecasts by 63% and 12%, respectively.
About EH
EHang Holdings Ltd is an investment holding company primarily engaged in the provision of unmanned aerial vehicle (UAV) systems and solutions. The Company operates three businesses. The air mobility solutions business is engaged in providing customers with electric vertical takeoff and landing (eVTOL) aircraft products, solutions and operational services for air transportations of passengers, cargos, emergencies and others. The smart city management solutions business is engaged in providing integrated digital platform with customized UAV models as turn-key solutions for monitoring and management across many ordinary municipal functions and public utilities, such as traffic management, powerline inspection, environmental monitoring, firefighting, emergency rescue, aerial mapping and others. The aerial media solutions business is engaged in providing aerial media performances, also known as drone light shows. The Company conducts its business in the domestic and overseas markets.
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.
