Vertical Aerospace Is Flying Towards An Operational Inflection Point, Says Bullish Analyst
Portfolio Pulse from Priya Nigam
Vertical Aerospace Ltd (NYSE: EVTL) shares rose after Deutsche Bank upgraded the stock from Hold to Buy and increased the price target from $1.00 to $1.50. The company is targeting a piloted full transition flight by year-end, which could mark an operational inflection point. Despite needing additional capital, the company has a cash runway through 3Q25.
July 23, 2024 | 3:59 pm
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Vertical Aerospace Ltd (NYSE: EVTL) received an upgrade from Deutsche Bank, raising the rating from Hold to Buy and increasing the price target from $1.00 to $1.50. The company is aiming for a piloted full transition flight by year-end, which could significantly boost its credibility and operational efficiency. Despite the need for additional capital, the company has a cash runway through 3Q25.
The upgrade from Deutsche Bank and the increased price target are positive signals for investors. The potential for a piloted full transition flight by year-end could mark a significant operational milestone, boosting investor confidence. The company's cash runway through 3Q25 also provides some financial stability despite the need for additional capital.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100