UPDATE: Piper Sandler Starts Lilium N.V. (LILM) at Overweight

September 16, 2021 5:18 AM EDT
Get Alerts LILM Hot Sheet
Price: $8.71 -2.02%

Rating Summary:
    2 Buy, 0 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 13 | New: 72
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(Updated - September 16, 2021 9:03 AM EDT)

Piper Sandler analyst Alexander Potter initiates coverage on Lilium N.V. (NASDAQ: LILM) with an Overweight rating and a price target of $17, saying while early the payoff might be worth the wait.

The analyst commented, "In our experience, most investors haven't begun seriously thinking about "flying cars". But regardless, electric vertical takeoff and landing (eVTOL) aircraft are coming, and the sooner investors educate themselves, the better. With this in mind, we are initiating coverage of Lilium (LILM) with an Overweight rating and a DCF-based price target of $17 (~83% upside vs. today's closing price). This type of investment isn't for everyone; Lilium won't generate revenue for another few years, and more capital will almost certainly be required. Volatility seems likely. But for investors who like to dream big, we think Lilium could fundamentally reshape the transportation industry, and now is the time to do the work."

For an analyst ratings summary and ratings history on Lilium N.V. click here. For more ratings news on Lilium N.V. click here.

Shares of Lilium N.V. closed at $9.31 yesterday.

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