William Blair Initiates Coverage of Vertical Aerospace (EVTL) with Outperform Recommendation, Analyst Price Forecast Suggests 77.76% Upside.

William Blair initiates coverage of Vertical Aerospace (EVTL) with an Outperform recommendation, with an average one-year price target of $11.07/share, representing a 77.76% increase from its latest closing price. The projected annual revenue for EVTL is 255MM, and the projected annual non-GAAP EPS is -0.55. There are 70 funds or institutions reporting positions in EVTL, with an average portfolio weight of 1.00%. The put/call ratio of EVTL is 0.17, indicating a bullish outlook.