Canaccord Genuity maintains Buy rating on Eve Holding, lowers PT to $6.75.

Canaccord Genuity maintains Buy rating on Eve Holding, lowers PT to $6.75.

July 02, 2025 — Canaccord Genuity, a leading investment research firm, has reduced its price target for Eve Holding Inc. (NYSE: EVEX) to $6.75 from $7.00, while maintaining a Buy rating on the electric aircraft manufacturer. This adjustment reflects the dilution impact from Eve's recent $230 million equity raise [1].

Eve Holding, currently trading at $4.29 with a market capitalization of $1.61 billion, has experienced significant volatility, dropping over 23% in the past week. Despite the lower target, Canaccord continues to view Eve's relationships with the Brazilian Development Bank and Embraer favorably, noting these partnerships ensure continued test and manufacturing infrastructure in São Paulo [1].

Canaccord's $6.75 price target is based on a discounted cash flow analysis through 2035, which incorporates the dilutive effect of the company's capital raise while maintaining a positive long-term outlook. The firm highlighted that Eve's improved liquidity position strengthens the company's ability to execute its planned 2027 ANAC certification and commercialization of its Eve-100 aircraft, with a virtually parallel type certification expected from the FAA [1].

In other recent news, Eve Air Mobility has raised $230 million through a registered direct offering of common stock. The company sold 47,422,680 shares at $4.85 per share to investors, including BNDESPAR and Embraer. This capital raise coincides with Eve's establishment of a dual listing on Brazil's B3 stock exchange [3]. Additionally, Eve Holding reported a net loss for the second quarter of 2025, with earnings per share coming in at -0.21, missing analyst expectations of -0.164. The earnings result marked a 28.05% negative surprise [1].

BTIG has assumed coverage of Eve Holding with a Neutral rating, maintaining the same stance as the previous analyst [2]. HC Wainwright raised their price target for EVE from $6.00 to $8.00 and rated it as a "buy," whereas Cantor Fitzgerald maintained an "overweight" rating with a $5.00 price target [2]. As a group, research analysts forecast that EVE will post -0.5 EPS for the current year.

EVE stock traded up $0.18 during trading on Tuesday, reaching $4.60. The firm's 50 day moving average is $6.30 and its 200 day moving average is $4.84. EVE has a twelve month low of $2.35 and a twelve month high of $7.70. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 11.46. The firm has a market cap of $1.38 billion, a P/E ratio of -7.30 and a beta of 0.85 [2].

References:
[1] https://www.investing.com/news/analyst-ratings/canaccord-genuity-lowers-eve-holding-stock-price-target-on-dilution-impact-93CH-4200554
[2] https://www.marketbeat.com/instant-alerts/eve-nyseevex-coverage-initiated-by-analysts-at-btig-research-2025-08-12/
[3] https://seekingalpha.com/news/4485286-eve-announces-230m-equity-raise-and-dual-listing-in-the-united-states-and-brazil