Investment research firm Wall Street Zen downgraded Surf Air Mobility Inc. to a sell rating from hold.
Northland Securities and HC Wainwright recently raised their earnings per share outlooks for the company. Both firms still expect the regional air mobility provider to report losses for the foreseeable future.
Canaccord Genuity maintained a hold rating on the stock but lowered its price target to $1.00 from $1.50. Analysts cited concerns regarding the company’s financial performance and broader market conditions.
These conflicting analyst opinions underscore the ongoing uncertainty surrounding the company’s path to profitability.