Canaccord Lowers PT on Eve Holding (EVEX) to $6.75 From $7, Keeps a Buy Rating

Eve Holding Inc. (NYSE:EVEX) is one of the top strong buy stocks under $5 to buy now. On August 20, Canaccord analyst Austin Moeller lowered the firm’s price target on Eve Holding Inc. (NYSE:EVEX) to $6.75 from $7, keeping a Buy rating on the shares.

The firm told investors that it continues to believe that Eve Holding Inc.’s (NYSE:EVEX) relationship with the Brazilian Development Bank and Embraer is favorable.

This is primarily because the relationship ensures continued test/manufacturing infrastructure in São Paulo, as well as engineering personnel from the world’s third-largest aircraft OEM.

According to the analyst, the improved liquidity position presents a solid footing for Eve Holding Inc. (NYSE:EVEX) for execution on its intended 2027 ANAC certification and commercialization of its Eve-100 aircraft.

Eve Holding Inc. (NYSE:EVEX) is an aerospace company that develops Urban Air Mobility (UAM) solutions and operates in Florida, Melbourne, and Brazil. Its operations cover the design and production of electric vertical takeoff and landing vehicles (eVTOLs) and the new Urban Air Traffic Management system.

The company is also engaged in a portfolio of company and third-party eVTOL support and maintenance services. These include material services, technical support, maintenance, ground handling, training, and data services.

While we acknowledge the potential of EVEX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.