#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 is a special purpose acquisition company focused on the aviation sector. The company was founded on 7th August, 2020 and is headquartered in Melbourne, FL.
- Current Price
- $5.48
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 3 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $6.00 (9.5% Upside)
