New Horizon Aircraft

HOVR · NASDAQ

$1.28−$0.025 (−1.92%)TodayMarket closed · Oct 23, 7:59 PM ET

Prev close $1.31

HOVR analyst rating

BuyConsensus of 2 analysts over the last 12 months. 100% rate it a buy.

Strong buy0
Buy2
Hold0
Underperform0
Sell0

12-month price target · 5 analysts

Average $8.37 (+554.1% upside)

Low: $3.28
Now: $1.28
High: $18.90

Upgrades and downgrades

The latest rating actions, newest first

HOVR analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
D. Boral Capital	Apr 14, 2026	Maintains	Buy	$11.00	28%
Jones Trading	Feb 23, 2026	Initiates	Buy	$18.00	77%
D. Boral Capital	Feb 11, 2026	Maintains	Buy	$11.00	28%
D. Boral Capital	Jan 30, 2026	Maintains	Buy	$11.00	28%
D. Boral Capital	Dec 4, 2025	Maintains	Buy	$11.00	28%

The case for and against

Updated Aug 4, 2026

Bull case

New Horizon Aircraft is positioned for success with the development of its next-generation hybrid electric aircraft, the Cavorite X7, which offers greater efficiency and range for regional air mobility and disaster response. With a strong emphasis on demonstrating reliability and superior mission economics, the company has reported continued investment in engineering and development, supported by solid liquidity and strategic partnerships. However, it will face challenges in proving the complex hybrid architecture and achieving certification, as well as in maintaining partnerships and production quality as it scales.

Bear case

New Horizon Aircraft is well-positioned in the rapidly growing urban air mobility market, with its unique hybrid electric technology that offers potential for a range of use cases such as medical evacuation and rural air mobility. However, the company's reliance on external partners for critical components such as batteries and avionics could pose a risk to execution and delivery timelines. This, coupled with the uncertainty surrounding the transition to flight testing in 2027, highlights a potential for delays and challenges in achieving commercial success in this highly competitive and evolving market.

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