Vertical Aerospace stock, the Shares of London-based zero-emission electric airplanes start-up Vertical Aerospace, surged by about 42% on Tuesday and continued on the same trajectory on Wednesday by surging by a further 30% at the time of writing.
The surge in the price of the stock is largely attributed to the lukewarm endorsement that Deutsche Bank gave Vertical Aerospace LTD causing investors to go wild creating an increase in the trading volume.
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To help stock investors interested in investing in Vertical Aerospace shares, Invezz has created a brief article on the best places where they can buy its stock.
To find out more, please continue reading.
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EVTL stock is the stock of Vertical Aerospace Ltd and it trades on the New York Stock Exchange (NYSE) using the ticker NYSE: EVTL.
In a nutshell, Vertical Aerospace is a British aerospace manufacturer based in Bristol, England. It designs and builds zero-emission, vertical take-off, and landing electrically powered aircraft.
The company was founded in 2016 by Stephen Fitzpatrick, the founder, and CEO of OVO Energy and also an ex-Formula One team owner.
One of its products is the eVTOL aircraft.
In June 2021, Vertical Aerospace teamed up with American Airlines, Avolon, Rolls-Royce, Honeywell, and Microsoft’s M12 as partners and investors as it works on certification that it expects to attain by 2024.
If you want to invest in the stock of an airplane manufacturing company, then the Vertical Aerospace stock could be a good choice.
However, it is important to note that the current bullish trend is pegged on a lukewarm hold rating given to the stock by Deutsche Bank when it began covering Archer Aviation, Vertical Aerospace, and Joby Aviation. Archer Aviation was the only one that was rated as a buy by Deutsche bank. Therefore, there is a risk of the EVTL stock sliding to sell at any time if the volume reduces.
If the market sentiments remain as they are, analysts expect the $ EVTL stock price to continue to rally and possibly hit $12 by end of this month.
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