Electric Air Taxis Are Already Coming in for a Hard Landing
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 30 2024
0mins
Source: WSJ
Lilium's Financial Struggles: Lilium, a startup focused on electric vertical takeoff and landing vehicles (eVTOL), is facing financial difficulties and plans to apply for self-administration proceedings similar to Chapter 11 bankruptcy in the U.S.
Need for Investment: Despite the potential of electric air taxis, significant funding is required for their development and operational launch.
Analyst Views on EVTL
Wall Street analysts forecast EVTL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EVTL is 11.60 USD with a low forecast of 8.00 USD and a high forecast of 15.00 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.
5 Analyst Rating
5 Buy
0 Hold
0 Sell
Strong Buy
Current: 6.310
Low
8.00
Averages
11.60
High
15.00
Current: 6.310
Low
8.00
Averages
11.60
High
15.00
About EVTL
Vertical Aerospace Ltd. is a United Kingdom-based global aerospace and technology company, focused on electric aviation. The Company is focused on designing, manufacturing, and selling a zero-operating emission Electric Vertical Take-Off and Landing (eVTOL) aircraft for use in the advanced air mobility market. It is developing, and is progressing towards the certification of, its eVTOL, the VX4, which has undergone the first stages of its flight test campaign. Its VX4 is a piloted, four-passenger eVTOL aircraft, with zero operating emissions and traveling distances of up to 100 miles and achieving cruise speeds of 150 miles per hour. It is also developing a hybrid-electric variant, offering increased range and mission flexibility to meet the evolving needs of the advanced air mobility market. It aims to sell globally certified eVTOL aircraft to a variety of customers, as well as providing both original equipment manufacturers (OEM) sales and aftermarket services to its customers.
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.
