Amid Funding Milestones, Analyst Bets On Vertical Aerospace's Strong Engineering And Design Team

Canaccord Genuity analyst Austin Moeller maintained a Buy rating at Vertical Aerospace Ltd. EVTL with a price target of $16.Last week, the company reported a third-quarter net loss of $45.7 million, compared to $41.8 million in the same quarter a year ago.The company has around 25 million Sterling pounds in cash. The new funding round is expected to close in the first quarter of 2025.The analyst writes about the recent $50 million capital commitment, but the investor focuses on the expected completion of th ...