Blade Air Mobility: Flying Higher Long Term
Prior to a bullish note by JPMorgan last week, (BLDE) was the typical SPAC deal these days struggling to even trade above $10. The company has a promising future in the air mobility sector, but so many uncertainties exist from competition to the certification of future flying aircraft. My investment thesis is Bullish on the stock, especially once the excessive gains from last week roll back.
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Update - Sept. 28
Blade already trades at $11, so the $14 price target isn't very exciting on a speculative stock in the UAM sector.