EHang Holdings Ltd (EH) stock soared 5.04% in Monday's trading session, potentially boosted by an analyst initiating coverage on the company with an optimistic outlook.
GF Securities initiated coverage on EHang with a "Buy" rating and $21.66 price target, representing significant upside from current levels. The positive initiation reflects analyst confidence in EHang's prospects as a leader in autonomous aerial vehicle technology.
Analysts, on average, rate EHang a "Buy" and have a mean price target of $22.21 according to data from FactSet, suggesting the market sees further runway for the stock to climb higher.
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