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Investing.com - Jefferies has lowered its price target on EHang Holdings (NASDAQ:EH) to $24.38 from $30.40 while maintaining a Buy rating on the stock. Currently trading at $16.45 with a market cap of $1.18 billion, EHang’s stock price sits well below the broader analyst targets ranging from $18.99 to $27.69. InvestingPro analysis reveals 10+ additional investment insights for this emerging eVTOL player.
The firm’s decision follows EHang’s second quarter 2025 results, which showed revenue of RMB147 million and adjusted net profit of RMB9.4 million, representing year-over-year increases of 44% and 683% respectively.
EHang reported stable gross profit margin at 62.6% in the second quarter, unchanged both year-over-year and quarter-over-quarter, while eVTOL sales increased 39% year-over-year to 68 units.
Despite the sales growth, Jefferies noted that the eVTOL unit sales fell short of what would be required to meet the company’s original guidance, prompting management to reduce its fiscal year 2025 revenue guidance from RMB900 million to RMB500 million.
According to Jefferies, management cited two primary reasons for the guidance cut: the company’s intention to focus on accumulating safe operation records in the second half of 2025, and limitations in eVTOL applications due to a shortage of operators, though management expects to launch public operations by year-end 2025.
In other recent news, EHang Holdings Limited reported its second-quarter revenue, which fell short of analyst expectations. Despite this, the company experienced notable year-over-year and sequential growth. The announcement was made on Tuesday, highlighting the urban air mobility company’s financial performance for the period. Although specific figures were not disclosed, the revenue miss was significant enough to impact market reactions. These developments are part of the latest updates concerning EHang Holdings.
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