New Horizon Aircraft, operating as Horizon Aircraft, has entered into a strategic partnership with designer Andrea Mocellin to enhance the design and aesthetics of its innovative Cavorite X7 hybrid-electric eVTOL aircraft. The Cavorite X7, identified by its emphasis on high performance, extended range, and operational versatility, is set to represent a significant advancement in hybrid-electric aviation.
Horizon Aircraft (HOVR, Financial) and Mocellin will concentrate on fine-tuning the aircraft's exterior proportions and design elements, aiming to seamlessly blend functionality with visual appeal. This collaboration will focus on boosting aerodynamics and efficiency, alongside improving the user experience. Inside the aircraft, the design will support various configurations, maximizing space utilization while maintaining both functionality and comfort.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 3 analysts, the average target price for New Horizon Aircraft Ltd (HOVR, Financial) is $1.91 with a high estimate of $2.48 and a low estimate of $1.25. The average target implies an upside of 5.57% from the current price of $1.81. More detailed estimate data can be found on the New Horizon Aircraft Ltd (HOVR) Forecast page.
Based on the consensus recommendation from 2 brokerage firms, New Horizon Aircraft Ltd's (HOVR, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
