Electric vertical take-off and landing (eVTOL) aircraft, often referred to as 'air taxis' or 'flying taxis', and are expected to provide significant time savings in densely populated cities compared to ground travel, explains Morgans.

The broker believes air taxi travel may not be far away, and while production ramp-up remains uncertain, PWR Holdings is well-placed to benefit as the industry grows.

At recent 1H results, the company noted involvement with a number of eVTOL companies and said PWR Holdings is very close to moving from prototyping to first production with some of them.

The Add rating and $14.25 target are maintained.

Sector: Automobiles & Components.

Target price is $14.25.Current Price is $11.66. Difference: $2.59 - (brackets indicate current price is over target). If PWH meets the Morgans target it will return approximately 18% (excluding dividends, fees and charges - negative figures indicate an expected loss).

© 2024 Acquisdata Pty Ltd., source FN Arena