Vertical Aerospace (EVTL) Stock: Analysts Maintain Bullish Outlook Despite Recent Dip
Vertical Aerospace shares slipped 2.5% to $5.60 on Friday amid below-average trading volume, yet analyst sentiment remains decidedly optimistic. The consensus price target of $11.80 implies a potential 100% upside, with D. Boral Capital projecting $14 per share.
Institutional investors continue demonstrating confidence, holding 81% of outstanding shares while increasing positions. The company recently secured shareholder approval for expanded share capital authorization to address funding requirements, though last quarter's earnings miss (-$0.32 vs. -$0.23 estimate) lingers as a concern.
Technical indicators show the stock trading NEAR both 50-day ($5.48) and 200-day ($5.36) moving averages, with its 1.21 beta signaling heightened volatility compared to broader markets. The recent price movement appears driven by trading dynamics rather than material news developments.
