Eve Holding's (EVEX) Price Target Lowered to $6.75 by Canaccord, Maintaining Buy Rating

Canaccord analyst Austin Moeller has lowered Eve Holding Inc.'s (NYSE:EVEX) price target to $6.75 from $7, maintaining a Buy rating. The firm believes Eve Holding's relationship with the Brazilian Development Bank and Embraer is favorable, ensuring continued test/manufacturing infrastructure in São Paulo and engineering personnel from the world's third-largest aircraft OEM. The improved liquidity position supports Eve Holding's execution on its 2027 ANAC certification and commercialization of its Eve-100 aircraft.

Eve Holding Inc. (NYSE: EVEX), a Brazilian eVTOL (electric vertical take-off and landing) developer, has seen its share price rise by 23% since the last report, outperforming the S&P 500's 17% gain. The company's stock hit a 52-week high of $7.70 on July 2, 2025 [1]. Despite the delay in eVTOL flight testing, which may impact its market opportunity, Eve Holding's shares remain strong, indicating continued investor interest.

Canaccord Genuity analyst Austin Moeller has lowered Eve Holding Inc.'s price target to $6.75 from $7, maintaining a Buy rating. The firm believes Eve Holding's relationship with the Brazilian Development Bank and Embraer is favorable, ensuring continued test/manufacturing infrastructure in São Paulo and engineering personnel from the world's third-largest aircraft OEM. The improved liquidity position supports Eve Holding's execution on its 2027 ANAC certification and commercialization of its Eve-100 aircraft.

The delay in eVTOL flight testing could be attributed to various factors, including regulatory hurdles and technical challenges. However, Eve Holding's strong financial performance and investor confidence have been bolstered by its strategic focus on eVTOL technology and its recent advancements in this area. The company's ability to maintain shareholder interest despite the delay underscores its potential for long-term growth.

Investors should monitor Eve Holding's progress closely, particularly in relation to its flight testing and regulatory compliance. While the delay may present challenges, the company's strong financial performance and investor interest indicate a robust foundation for future growth. For those willing to take a long-term view, Eve Holding presents an intriguing opportunity in the burgeoning eVTOL market.

References:
[1] https://www.ainvest.com/news/eve-holding-delays-evtol-flight-testing-share-prices-surge-challenges-2508/