HC Wainwright Predicts Higher Earnings for Surf Air Mobility

Surf Air Mobility Inc. (NYSE:SRFM) – Research analysts at HC Wainwright increased their Q3 2026 EPS estimates for Surf Air Mobility in a report issued on Tuesday, August 11th. HC Wainwright analyst A. Dayal now anticipates that the company will earn ($0.11) per share for the quarter, up from their prior estimate of ($0.14). HC Wainwright currently has a “Buy” rating on the stock. The consensus estimate for Surf Air Mobility’s current full-year earnings is ($0.66) per share. HC Wainwright also issued estimates for Surf Air Mobility’s Q4 2026 earnings at ($0.08) EPS, FY2026 earnings at ($0.69) EPS, FY2027 earnings at ($0.40) EPS, FY2028 earnings at ($0.09) EPS and FY2030 earnings at $0.66 EPS.

A number of other equities analysts also recently issued reports on SRFM. Wall Street Zen upgraded Surf Air Mobility from a “sell” rating to a “hold” rating in a research report on Sunday. Alliance Global Partners assumed coverage on Surf Air Mobility in a report on Friday, May 1st. They issued a “buy” rating and a $2.75 target price on the stock. Weiss Ratings downgraded shares of Surf Air Mobility from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, July 24th. Northland Securities assumed coverage on shares of Surf Air Mobility in a report on Thursday, May 7th. They set an “outperform” rating and a $5.00 price target for the company. Finally, Canaccord Genuity Group set a $1.50 price objective on shares of Surf Air Mobility in a research note on Wednesday, May 13th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $3.08.

Surf Air Mobility Price Performance

SRFM stock opened at $0.78 on Thursday. Surf Air Mobility has a 1 year low of $0.67 and a 1 year high of $6.17. The stock has a market cap of $95.97 million, a price-to-earnings ratio of -0.49 and a beta of 2.83. The company has a 50 day simple moving average of $0.92 and a 200 day simple moving average of $1.32.

Institutional Investors Weigh In On Surf Air Mobility

Several institutional investors and hedge funds have recently made changes to their positions in SRFM. Geode Capital Management LLC grew its stake in Surf Air Mobility by 14.6% during the second quarter. Geode Capital Management LLC now owns 127,602 shares of the company’s stock worth $471,000 after purchasing an additional 16,273 shares during the period. HRT Financial LP acquired a new position in Surf Air Mobility in the second quarter valued at approximately $2,212,000. Tower Research Capital LLC TRC lifted its stake in Surf Air Mobility by 1,235.8% in the second quarter. Tower Research Capital LLC TRC now owns 19,009 shares of the company’s stock valued at $70,000 after buying an additional 17,586 shares during the period. Osaic Holdings Inc. boosted its holdings in shares of Surf Air Mobility by 669.8% during the 2nd quarter. Osaic Holdings Inc. now owns 17,244 shares of the company’s stock worth $64,000 after buying an additional 15,004 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Surf Air Mobility by 18,757.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,600 shares of the company’s stock worth $28,000 after buying an additional 6,565 shares in the last quarter. Institutional investors own 17.68% of the company’s stock.

More Surf Air Mobility News

Here are the key news stories impacting Surf Air Mobility this week:

• Positive Sentiment: Northland Securities raised its earnings forecasts across multiple periods. The firm improved its FY2026 EPS estimate to $(0.71) from $(0.80), FY2027 to $(0.53) from $(0.65), and FY2028 to $(0.48) from $(0.58). It also raised estimates for several 2026 and 2027 quarters. Northland maintained an “Outperform” rating and a $5.00 price target, substantially above SRFM’s recent sub-$1 trading level. Northland Securities estimates
• Positive Sentiment: Second-quarter results improved the company’s forward outlook. Stonegate Capital Partners said revenue reached the high end of guidance despite elevated fuel costs and weather-related disruption in Hawaii. The first SurfOS enterprise contract also advanced commercialization efforts for Surf Air’s operating-system technology. Stonegate Capital Partners coverage update
• Positive Sentiment: HC Wainwright improved its near-term outlook and retained a “Buy” rating. The firm raised its Q3 2026 EPS estimate to $(0.11) from $(0.14) and Q4 2026 to $(0.08) from $(0.09), suggesting losses may narrow faster than previously expected. HC Wainwright estimates
• Neutral Sentiment: Surf Air completed a second tranche of secured financing. The transaction provides additional capital for operations and commercialization, but secured debt increases financial obligations for a company with a market capitalization of roughly $96 million and a negative P/E ratio. Surf Air secured financing
• Negative Sentiment: Longer-term analyst forecasts were mixed. HC Wainwright cut FY2026 EPS to $(0.69) from $(0.59), FY2028 to $(0.09) from $(0.02), FY2029 to $0.28 from $0.40 and FY2030 to $0.66 from $0.90. These reductions temper the bullish impact of the near-term estimate increases.

Surf Air Mobility Company Profile

Surf Air Mobility Inc operates as an electric aviation and air travel company in the United States. The company offers an air mobility platform with scheduled routes and on demand charter flights operated by third parties. Surf Air Mobility Inc is headquartered in Hawthorne, California.