Canaccord Genuity Initiates Coverage of Vertical Aerospace (EVTL) with Hold Recommendation
Nasdaq Fintel reports that on June 9, 2023, Canaccord Genuity initiated coverage of Vertical Aerospace (NYSE:EVTL) with a Hold recommendation.
Analyst Price Forecast Suggests 88.89% Upside
As of June 2, 2023, the average one-year price target for Vertical Aerospace is 3.57. The forecasts range from a low of 3.03 to a high of $4.20. The average price target represents an increase of 88.89% from its latest reported closing price of 1.89.
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The projected annual revenue for Vertical Aerospace is 0MM, a decrease of %. The projected annual non-GAAP EPS is -0.49.
What is the Fund Sentiment?
There are 34 funds or institutions reporting positions in Vertical Aerospace. This is unchanged over the last quarter. Average portfolio weight of all funds dedicated to EVTL is 0.08%, a decrease of 52.33%. Total shares owned by institutions increased in the last three months by 68.13% to 6,016K shares. The put/call ratio of EVTL is 0.12, indicating a bullish outlook.