latest news with drone company stocks

Here is the latest news about drone company stocks: 1. **EHang (EH)**: EHang recently announced partnerships and developments in their drone technology. They have partnered with Reignwood Aviation to expand eVTOL operations and have secured an order for 41 pilotless air vehicles from Jilin province. EHang also completed 83-kilometer cargo drone flights between Zhuhai and Guangzhou, showcasing their capabilities in long-range cargo delivery. The company's stock price surged 3.26% on July 17, 2025, reaching an intraday high of $19.42, with an average daily volume 136.5% higher than usual, indicating increased investor interest and confidence in the company. Analysts have forecasted an average target price of $26.26 for EHang, with a high estimate of $30.40 and a low of $20.00, suggesting potential upside from the current price. EHang's market cap stands at $1.24 billion, with an estimated earnings per share (EPS) of -$3.53 for the latest period. The company's strategic partnerships and operational milestones highlight its position in the urban air mobility sector. 2. **Archer Aviation (ACHR)**: Archer Aviation is focused on electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility. They recently announced a partnership with Uber Technologies to integrate eVTOL aircraft into Uber's transportation network, expanding their service offerings and market reach. Archer also secured a significant investment from Virtu Financial, boosting their institutional ownership to 59.34%, indicating strong investor confidence. Despite a recent lawsuit that allowed shareholders to proceed with a class-action claim against the company, Archer's stock price has shown resilience, reflecting investor confidence in their technology and growth prospects. Analysts maintain a "Moderate Buy" consensus rating on Archer, with an average target price of $13.25, suggesting potential growth from the current price. 3. **Uber Technologies (UBER)**: Uber's partnership with Dollar General to integrate grocery delivery through Uber Eats is a strategic expansion of their delivery segment. This initiative aligns with Uber's strategy to enhance customer engagement and diversify revenue streams. The partnership could increase the number of locations available for delivery and boost Uber's market penetration in the delivery of essential goods. Uber's Q2 2025 earnings exceeded expectations, with revenues from mobility segment growing 19% year-over-year to $7.28 billion, and revenues from the delivery segment increasing 25% to $4.10 billion. The company reported a net income of $1.4 billion, with operating cash flow of $2.56 billion and free cash flow of $2.47 billion, indicating strong financial performance and operational efficiency. 4. **Joby Aviation (JOBY)**: Joby is a leading developer of all-electric vertical takeoff and landing (eVTOL) aircraft. They have made significant progress in their Q2 operations, including extensive testing of components, systems, and aerostructures. Joby is expanding its manufacturing capacity, which is critical for meeting the demand for its air taxi services. The company has signed a revised certification basis with the FAA, which is a significant step towards certifying new aircraft in the U.S. Joby's strategic acquisitions, such as the passenger business of Blade Air Mobility, are accelerating the commercialization of its air taxi services. However, Joby reported a quarterly loss of $0.24 per share, missing the Zacks Consensus Estimate, and revenue of $0.02 million, significantly below expectations. Despite these challenges, Joby's partnerships and expansion plans highlight its commitment to urban air mobility. In conclusion, these drone company stocks are making significant strides in their respective fields, from eVTOL aircraft development to strategic partnerships and service expansions. These developments are likely to shape the future of urban air mobility and logistics, reflecting the growing interest and investment in drone technology.