Surf Air Mobility (NYSE:SRFM) Downgraded to "Sell" Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Surf Air Mobility to “Sell” from “Hold,” while the broader analyst consensus remains “Hold” with an average price target of $3.08.
• SRFM shares opened at $0.72, near their one-year low of $0.67, with a market capitalization of approximately $89 million and declining 50-day and 200-day moving averages.
• Although some analysts raised near-term earnings estimates and maintained “Buy” or “Outperform” ratings, forecasts still indicate continued losses through at least 2028, underscoring execution and funding risks.

Surf Air Mobility (NYSE:SRFM - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued on Monday.

Other research analysts have also issued reports about the stock. Weiss Ratings lowered shares of Surf Air Mobility from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Friday, July 24th. Northland Securities began coverage on shares of Surf Air Mobility in a research note on Thursday, May 7th. They issued an "outperform" rating and a $5.00 target price for the company. Alliance Global Partners began coverage on Surf Air Mobility in a report on Friday, May 1st. They set a "buy" rating and a $2.75 price target for the company. HC Wainwright reissued a "buy" rating on shares of Surf Air Mobility in a research report on Tuesday, August 11th. Finally, Canaccord Genuity Group set a $1.50 price objective on Surf Air Mobility in a research report on Wednesday, May 13th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $3.08.

Surf Air Mobility Trading Down 0.7%

NYSE SRFM opened at $0.72 on Monday. The firm has a market capitalization of $89.14 million, a P/E ratio of -0.45 and a beta of 2.83. The firm's fifty day moving average price is $0.91 and its two-hundred day moving average price is $1.30. Surf Air Mobility has a 1 year low of $0.67 and a 1 year high of $6.17.

Institutional Investors Weigh In On Surf Air Mobility

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Surf Air Mobility by 233.2% in the 3rd quarter. Vanguard Group Inc. now owns 1,886,429 shares of the company's stock valued at $8,093,000 after acquiring an additional 1,320,353 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of Surf Air Mobility by 81,240.1% during the 3rd quarter. Raymond James Financial Inc. now owns 952,492 shares of the company's stock worth $4,086,000 after purchasing an additional 951,321 shares in the last quarter. HRT Financial LP acquired a new stake in shares of Surf Air Mobility during the 2nd quarter worth $2,212,000. Millennium Management LLC increased its position in shares of Surf Air Mobility by 3,450.8% in the third quarter. Millennium Management LLC now owns 488,272 shares of the company's stock worth $2,095,000 after purchasing an additional 474,521 shares during the period. Finally, Balefire LLC bought a new position in shares of Surf Air Mobility in the first quarter worth $376,000. Institutional investors and hedge funds own 17.68% of the company's stock.

Surf Air Mobility News Roundup

Here are the key news stories impacting Surf Air Mobility this week:

• Positive Sentiment: Northland Securities raised its EPS outlook for Surf Air Mobility’s third quarter and fourth quarter of 2026, FY2026, FY2027 and FY2028. While the company is still expected to report losses, the revisions imply smaller losses than previously forecast. Northland retained an “Outperform” rating and a $5.00 price target. Northland Securities estimates for Surf Air Mobility
• Positive Sentiment: HC Wainwright also improved its estimates for the third and fourth quarters of 2026, and continues to rate SRFM “Buy.” Its model projects a transition to positive earnings by FY2030, although that long-term profit estimate was subsequently reduced. HC Wainwright estimates for Surf Air Mobility
• Neutral Sentiment: Despite the favorable quarterly revisions, both firms still expect Surf Air Mobility to remain unprofitable through at least FY2028. Northland’s estimates call for losses of $0.71 per share in FY2026, $0.53 in FY2027 and $0.48 in FY2028, highlighting the company’s ongoing execution and funding risks.
• Negative Sentiment: HC Wainwright cut its EPS forecasts for FY2026, FY2027 and FY2028, reducing FY2028’s expected loss from $0.02 to $0.09 per share. The firm also lowered its FY2030 profit forecast from $0.90 to $0.66 per share. A new report from HC Wainwright additionally carries a negative FY2029 earnings estimate, reinforcing concerns that profitability may take longer or be weaker than previously expected. HC Wainwright Has Negative Estimate for SRFM FY2029 Earnings

About Surf Air Mobility

Surf Air Mobility Inc operates as an electric aviation and air travel company in the United States. The company offers an air mobility platform with scheduled routes and on demand charter flights operated by third parties. Surf Air Mobility Inc is headquartered in Hawthorne, California.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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