Chinese aviation company EHang (EH, Financial) is gearing up to begin its commercial air taxi services by the end of this year. This ambitious move positions EHang to potentially become the first company globally to offer a commercial air taxi operation.
The development marks a significant milestone in the emerging urban air mobility sector. As EHang advances towards the commercial launch, it showcases China's growing influence in the aviation industry, particularly in cutting-edge transportation technologies.
This initiative is part of EHang's broader strategy to establish itself as a leader in the field of autonomous aerial vehicles, promising a new era of urban transportation.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 10 analysts, the average target price for EHang Holdings Ltd (EH, Financial) is $25.35 with a high estimate of $32.72 and a low estimate of $16.87. The average target implies an upside of 72.41% from the current price of $14.70. More detailed estimate data can be found on the EHang Holdings Ltd (EH) Forecast page.
Based on the consensus recommendation from 10 brokerage firms, EHang Holdings Ltd's (EH, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for EHang Holdings Ltd (EH, Financial) in one year is $81.34, suggesting a upside of 453.24% from the current price of $14.7025. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the EHang Holdings Ltd (EH) Summary page.
