#5 - Eve Holding (EVEX) (NYSE:EVEX)
Unlike the other pure-play companies on this list, Eve Holding Inc. (NYSE: EVEX) does not have a prototype in the certification process. That means the company won’t provide commercial flights (i.e., generate revenue) until 2026. An investment in EVEX stock will require some patience.
But that patience could be rewarded. Eve is a subsidiary of the airline maker Embraer. The company also has a partnership with United Airlines Inc. (NYSE: UAL) for 200 of its air taxis. And the story gets better. Eve has non-binding Letters of Intent (LOIs) for 2,850 aircraft.
Eve believes it has the capital to get through 2025, and with Embraer as a parent company, investors shouldn’t be too worried about liquidity. That’s why investors seem to be excited about the stock. EVEX stock has a Moderate Buy rating with a price target of $8.50, which is 54.5% higher than the closing price on May 6, 2024.
About EVE
Eve Holding, Inc, together with its subsidiaries, develops urban air mobility solutions. It is involved in the design and production of electrical vertical take-off and landing vehicles (eVTOLs); provision of eVTOL service and support capabilities, including material services, maintenance, technical support, training, ground handling, and data services; and development of urban air traffic management systems.
Read More - Current Price
- $2.92
- Consensus Rating
- Buy
- Ratings Breakdown
- 3 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $6.50 (122.6% Upside)
