Surf Air Mobility Secures $100 Million to Accelerate SurfOS Development
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Businesswire
- Funding Support: Surf Air Mobility has allocated $26 million from a recent $100 million strategic transaction specifically for the development and commercialization of SurfOS flagship products, significantly enhancing the company's market competitiveness and profit potential.
- Technological Partnership: The collaboration with Palantir enables SurfOS to integrate advanced AI technologies aimed at unifying the fragmented private aviation and air mobility ecosystem, thereby improving operational efficiency and reliability.
- Market Outlook: The launch of SurfOS is expected to allow Surf Air Mobility to capture a larger share of the rapidly growing air mobility software market, driving long-term profitability improvements for the company.
- Operational Efficiency Gains: The internal adoption of SurfOS has measurably improved on-demand services and airline operations, helping the company achieve higher operational efficiency and better visibility, further solidifying its position as a technology-driven airline.
SRFM
$1.93+Infinity%1D
Analyst Views on SRFM
Wall Street analysts forecast SRFM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SRFM is 7.75 USD with a low forecast of 3.50 USD and a high forecast of 12.00 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.
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 2.030
Low
3.50
Averages
7.75
High
12.00
Current: 2.030
Low
3.50
Averages
7.75
High
12.00
About SRFM
Surf Air Mobility Inc. provides a regional air mobility platform. The Air Mobility business is a regional air mobility platform providing scheduled service and an on-demand charter marketplace to passengers in the United States and globally. The Company is developing powertrain technologies with its commercial partners to electrify existing fleets and new aircraft. It is engaged in expanding the category of regional air travel, connecting underutilized regional airports and private terminals to create a shared private customer experience and a high frequency commercial-like air service, using small turboprop aircraft. It provides both scheduled routes and on-demand charter flights operated by third parties. It is also a passenger operator of Cessna Grand Caravan EXs in the United States by scheduled departures. The Company serves approximately 370,000 passengers with over 72,000 scheduled departures.
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.
