Oppenheimer Initiates Blade Air Mobility With Outperform Rating - Read Why

  • Oppenheimer analyst Jason Helfstein initiated Blade Air Mobility Inc BLDE with an Outperform rating and a price target of $14, implying an upside of 29.5%.
  • Helfstein says Blade has become "the category leader" in Urban Air Mobility, or UAM, by leveraging its technology to match consumers with aircraft operators and views the company as positioned to capture an "outsized share" once markets open.
  • Further, he estimates Blade can capture 2.5% of its $1.8 billion serviceable addressable markets with a longer-term total addressable market that is "10x larger".
  • Price Action: BLDE shares are trading lower by 4.9% at $10.71 on the last check Tuesday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: NewsInitiationSmall CapAnalyst RatingsMoversTrading IdeasBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!