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The eVTOL (electric Vertical Takeoff and Landing) trade has been all about vision, but one stock is being priced like it has none.
Eve Holding, Inc (NYSE:EVEX) is trading near $2.50, yet JPMorgan analyst Marcelo Motta sees a path to $6—implying ra 140% upside. The disconnect isn’t hype; it’s a market that may be underpricing progress.
The eVTOL Valuation Gap
Start with where it trades.
Eve is valued at just 0.5x 2029 EV/Sales, a fraction of where peers sit. Archer Aviation Inc (NYSE:ACHR) trades closer to 1.8x, while Joby Aviation, Inc (NYSE:JOBY) commands a far richer ~7.8x multiple.
That kind of gap …
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