Cantor Fitzgerald Remains a Buy on Eve Holding (EVEX)

​Eve Holding, Inc. (NYSE:EVEX) is one of the Best Aerospace Stocks to Buy According to Analysts. On December 8, Cantor Fitzgerald reiterated a Buy rating on Eve Holding, Inc. (NYSE:EVEX) without disclosing any price targets. The rating follows the company’s announcement of a $1 billion deal with Beta Technologies to buy motors on December 2. The stock has surged more than 6.8% since the press release.

​Cantor Fitzgerald noted that while this deal reinforces BETA’s aftermarket services, it will also benefit Eve Holding, Inc.’s (NYSE:EVEX) aircraft development. The motors will provide the company with high power-to-weight ratios, demonstrated reliability, and simplified motor architecture. CEO Johann Bordais noted,

“Their electric motor technology will play a critical role in powering our aircraft during cruise, supporting the maturity of our propulsion architecture as we progress toward entry into service.”

Eve Holding, Inc. (NYSE:EVEX) aims to test its first flights in the fourth quarter of 2025 or by the first quarter of 2026. The company is still in the pre-revenue stage; however, analysts are optimistic regarding its potential, with their 12-month average price target suggesting more than 44.3% upside from the current level.

​Eve Holding, Inc. (NYSE:EVEX) develops urban air mobility (UAM) solutions, including the design and production of electric vertical take-off and landing (eVTOL) aircraft, a comprehensive global services and support network for eVTOLs, and air traffic management solutions for a UAM ecosystem.

While we acknowledge the potential of EVEX to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than EVEX and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.