JPMorgan is bullish on EHang , China's leading original equipment manufacturer for electric vertical take-off and landing aircraft. The bank initiated shares of the eVTOL manufacturer as overweight rating and price target of $26 per share, which corresponds to a nearly 50% upside from Thursday's close. Analyst Beatrice Lam pointed to EHang's status as the first to hold certificates in China as a driver. This first-mover advantage has poised it for global market share leadership, she added, especially as Ehang's total addressable market grows in the coming years. The bank believes that the global passenger eVTOL market could swell to $100 billion by around 2040. "EHang is positioned to capture an outsized share of early eVTOL volumes in China. Most peers remain 1-4 years behind in commercia

See Full Page