Vertical Aerospace: Needham initiates Buy rating with $9 price target.

Vertical Aerospace: Needham initiates Buy rating with $9 price target.

July 02, 2025

Needham & Company, a well-known financial research firm, has initiated a "Buy" rating on shares of Vertical Aerospace (NYSE: EVTL), setting a price target of $9.00. This rating comes on the heels of several positive developments for the company, including recent earnings reports and a significant public offering.

Vertical Aerospace, an aerospace and technology company specializing in zero-emission electric vertical takeoff and landing (eVTOL) aircraft, reported earnings per share of $4.44 for the quarter ending May 13, 2025, which exceeded analysts' expectations by $4.84. The company also announced the closing of a $60 million underwritten public offering, with proceeds earmarked for research and development, testing, and general working capital.

Analysts at Needham & Company cited the company's strong balance sheet, with cash exceeding debt, and the growing demand for eVTOL aircraft in various sectors, including defense and public safety. The firm also noted the recent partnerships and pre-orders from major airlines such as American Airlines and Japan Airlines.

Vertical Aerospace's stock has seen volatility in recent months, with shares trading down 2.8% on July 10, 2025, to $4.85. However, the company's long-term prospects and the increasing adoption of eVTOL technology have led Needham & Company to initiate a positive rating.

References:
[1] https://www.marketbeat.com/instant-alerts/vertical-aerospace-nyseevtl-receives-buy-rating-from-d-boral-capital-2025-07-10/
[2] https://za.investing.com/news/company-news/vertical-aerospace-closes-60-million-public-offering-93CH-3786554
[3] https://verticalmag.com/press-releases/vertical-aerospace-announces-closing-of-60m-underwritten-public-offering/