JonesTrading has initiated coverage of New Horizon Aircraft (NASDAQ:HOVR) with a “buy” rating and an $18.00 price target. This adds to a mixed analyst landscape, with a consensus “Hold” rating and a $14.50 target from other firms. The company, which develops hybrid electric eVTOL aircraft, recently missed earnings expectations and saw its stock trade down to $1.84, reflecting high volatility and a modest market capitalization of $81.3 million.
New Horizon Aircraft (NASDAQ:HOVR) Now Covered by JonesTrading
JonesTrading has initiated coverage of New Horizon Aircraft (NASDAQ:HOVR) with a “buy” rating and an $18.00 price target. This adds to a mixed analyst landscape, with a consensus “Hold” rating and a $14.50 target from other firms. The company, which develops hybrid electric eVTOL aircraft, recently missed earnings expectations and saw its stock trade down to $1.84, reflecting high volatility and a modest market capitalization of $81.3 million.