In a report released on August 9, Bill Peterson from J.P. Morgan maintained a Buy rating on Blade Air Mobility (BLDE – Research Report), with a price target of $6.00. The company’s shares closed yesterday at $3.78.
Peterson covers the Technology sector, focusing on stocks such as Archer Aviation, ChargePoint Holdings, and Blade Air Mobility. According to TipRanks, Peterson has an average return of -4.7% and a 39.77% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Blade Air Mobility with a $8.67 average price target, which is a 129.37% upside from current levels. In a report released on August 10, Credit Suisse also assigned a Buy rating to the stock with a $7.00 price target.
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BLDE market cap is currently $273.1M and has a P/E ratio of -5.79.
Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BLDE in relation to earlier this year. Last month, Heyburn William A., the CFO of BLDE bought 33,712.00 shares for a total of $6,068.16.
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Read More on BLDE:
- Blade Air Mobility expects y-o-y improvement in adjusted EBITDA in 2H23
- Blade Air Mobility Reports Financial Results for the Second Quarter Ended June 30, 2023
- Blade Air Mobility reports Q2 EPS (17c), consensus (14c)
- Blade Air Mobility to Present at Oppenheimer 26th Annual Technology, Internet and Communications Conference
- Blade Air Mobility announces launch of a shareholder Q&A platform
