12 Best Aerospace and Defense Stocks to Buy According to Analysts

3. Eve Holding, Inc. (NYSE:EVEX)

Number of Hedge Fund Holders: 13

Analyst Upside Potential: 62.16%

Eve Holding, Inc. (NYSE:EVEX) is an aerospace company focused on developing solutions for Urban Air Mobility. The company operates through three main segments including eVTOL Development, Service and Operations Solutions, and Urban Air Traffic Management. It benefits from its connection to Embraer, leveraging over 50 years of aerospace expertise while maintaining a startup mindset to drive innovation in the UAM ecosystem.

On March 12, Analyst Amit Dayal of H.C. Wainwright maintained a Buy rating on the stock, with a price target of $6. Dayal noted that Eve Holding, Inc. (NYSE:EVEX) is on track with its commercialization timeline, focusing on achieving significant certification milestones. These include the first full-scale prototype flight test and the production initiation of certification prototypes in 2025. Moreover, the company’s business model, which includes direct sales of eVTOL units, maintenance services, and an urban air traffic management system, is projected to generate significant revenue growth. The company expects to reach over $1 billion in revenue by 2029-2030. To back this up the company has a robust order book of approximately 2,800 aircraft valued at $14 billion, indicating strong market interest in eVTOLs. Analysts see more than a 62% upside for the stock making it one of the best aerospace and defense stocks to buy according to analysts.