This flying car stock can benefit from clearing a key regulatory hurdle in China, and boost its urban tourism business.
Morgan Stanley says EHang , a maker of flying cars, is poised to be a leading player as eVTOL , or electric vertical take-off and landing vehicles, become more commercial. "We view EHang as a pioneer in the urban air mobility market – with the world's first awarded, validated products, and access to a multi-trillion in China ," analyst Cindy Huang wrote on Sunday. The Wall Street investment bank began research coverage of the EHang stock with an overweight rating and a $27.
EH YTD mountain EHang stock. The issuance of the the certificate from the Civil Aviation Administration of China in April is a major turning point for EHang, as the companycleared a key hurdle to begin mass production of its EH216-S pilotless eVTOL aircraft. Huang added that the company's potential growth in China is tied to the expansion of aerial sightseeing and tourism, benefiting the so-called "low altitude economy" to which EHang caters.
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