H.C. Wainwright analyst Amit Dayal initiated coverage on Surf Air Mobility Inc. (NYSE:SRFM) with a Buy rating and price forecast of $12.

The analyst writes that the company is positioned for a meaningful turnaround due to several factors, such as a revamped management team and ongoing transformation of its regional air business.

The analyst also notes the company’s unique approach to electric aviation, distinct from eVTOLs, and strategic focus on consolidating the technology and services component of the regional air travel industry as driving factors.

Dayal writes that the company is poised to become the leading player in the U.S. regional air mobility (RAM) market thanks to improving financials that position the company’s aviation segment for profitability in 2025.

The analyst highlights the company’s leadership in electrifying conventional take-off and landing aircraft as a key differentiator, positioning it to sustainably meet the growing demand in the regional air mobility (RAM) market.

Also, a strategic partnership with Palantir Technologies Inc., a 19.9% stakeholder, is expected to help bridge the industry’s technology gap, adds the analyst.

The analyst expects revenues of $99.7 million in 2025 and $112 million in 2026.

The company expects to announce fourth-quarter results on March 18, 2025.

Price Action: SRFM shares are up 0.79% at $3.81 at the last check Friday.

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This article Is Surf Air Mobility Flying Under The Investor Radar? Analyst Weighs In originally appeared on Benzinga.com

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