Vertical Aerospace (NYSE:EVTL) Price Target Cut to $9.00 by Analysts at Canaccord Genuity Group

Key Points

• Canaccord Genuity cut Vertical Aerospace’s price target to $9.00 from $10.50 while maintaining a “buy” rating. Overall analyst sentiment is mixed, with the stock carrying a consensus “hold” rating and an average target of $9.80.
• EVTL shares traded near $0.78, close to their 52-week low of $0.75, with the company valued at roughly $99.6 million. Vertical Aerospace also reported a quarterly loss of $0.42 per share, slightly worse than the expected $0.40 loss.
• Forecasts have improved modestly, with HC Wainwright reducing projected future losses, but the company remains unprofitable and faces ongoing execution and funding risks. Institutional investors own approximately 81.2% of the stock.

Vertical Aerospace (NYSE:EVTL - Get Free Report) had its price target cut by Canaccord Genuity Group from $10.50 to $9.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the stock.

A number of other research analysts have also commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Vertical Aerospace in a report on Monday, July 27th. Barclays raised shares of Vertical Aerospace to a "strong sell" rating in a research report on Wednesday, July 29th. Needham & Company LLC lowered their price objective on Vertical Aerospace to $5.00 and set a "buy" rating for the company in a research note on Thursday, August 13th. Weiss Ratings cut Vertical Aerospace from a "sell (d)" rating to a "sell (e+)" rating in a research report on Friday, May 22nd. Finally, Cantor Fitzgerald lowered Vertical Aerospace from an "overweight" rating to a "neutral" rating in a research report on Thursday, May 7th. Six research analysts have rated the stock with a Buy rating, one has given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $9.80.

Vertical Aerospace Trading Up 0.8%

EVTL stock traded up $0.01 during mid-day trading on Wednesday, hitting $0.78. 4,839,235 shares of the company were exchanged, compared to its average volume of 3,322,995. The business has a 50 day simple moving average of $1.58 and a 200-day simple moving average of $2.64. The stock has a market capitalization of $99.57 million, a PE ratio of -0.51 and a beta of 1.54. Vertical Aerospace has a 1-year low of $0.75 and a 1-year high of $7.33.

Vertical Aerospace (NYSE:EVTL - Get Free Report) last issued its quarterly earnings data on Friday, August 14th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.40) by ($0.02). Equities research analysts expect that Vertical Aerospace will post -1.14 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Balyasny Asset Management L.P. raised its holdings in Vertical Aerospace by 25.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 14,435 shares of the company's stock worth $77,000 after buying an additional 2,963 shares during the last quarter. Barclays PLC lifted its holdings in Vertical Aerospace by 156.0% during the fourth quarter. Barclays PLC now owns 6,843 shares of the company's stock valued at $36,000 after purchasing an additional 4,170 shares in the last quarter. EFG International AG bought a new position in shares of Vertical Aerospace in the fourth quarter worth about $27,000. LPL Financial LLC boosted its position in shares of Vertical Aerospace by 65.3% during the fourth quarter. LPL Financial LLC now owns 18,255 shares of the company's stock worth $97,000 after acquiring an additional 7,209 shares during the last quarter. Finally, J. Derek Lewis & Associates Inc. lifted its stake in shares of Vertical Aerospace by 41.3% in the 1st quarter. J. Derek Lewis & Associates Inc. now owns 32,500 shares of the company's stock valued at $72,000 after purchasing an additional 9,500 shares during the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.

Key Vertical Aerospace News

Here are the key news stories impacting Vertical Aerospace this week:

• Positive Sentiment: HC Wainwright raised its 2026 EPS forecast to a loss of $1.42 from a $1.79 loss, while its estimates for the third and fourth quarters were improved to losses of $0.31 and $0.26 per share, respectively. Vertical Aerospace stock information
• Positive Sentiment: The firm also raised its long-term EPS forecasts, reducing projected losses to $0.69 in 2027, $0.54 in 2028, $0.50 in 2029 and $0.19 in 2030. These changes indicate improved expectations for Vertical Aerospace’s eventual profitability and could support investor sentiment. Vertical Aerospace analyst estimates
• Neutral Sentiment: Vertical Aerospace announced that its 2026 Annual General Meeting will take place on September 11 in Bristol. Shareholders will consider proposals outlined in the company’s circular, including matters related to incentives and governance. The meeting could provide additional insight into management compensation and corporate oversight, but no immediate financial impact was disclosed. Vertical Aerospace Announces Date for AGM
• Negative Sentiment: Despite the improved forecasts, HC Wainwright still expects substantial losses, and the company’s current full-year consensus estimate remains a loss of approximately $1.40 per share. Vertical Aerospace also recently reported a quarterly loss that was slightly worse than analysts’ expectations, underscoring continued execution and funding risks. Vertical Aerospace financial data

Vertical Aerospace Company Profile

Vertical Aerospace is a United Kingdom–based aerospace manufacturer specializing in the development of electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility. Founded in 2016 by entrepreneur Stephen Fitzpatrick, the company is publicly listed on the New York Stock Exchange under the ticker EVTL. Vertical Aerospace's mission is to deliver zero-emission, high-speed electric aircraft designed to transform short-haul journeys in densely populated areas.

The company's flagship model, the VA-X4, is a piloted, five-seat eVTOL craft engineered for quiet operation, low running costs and minimal environmental impact.

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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