Blade Air Mobility initiated with a Buy at Lake Street

Lake Street analyst Ben Klieve initiated coverage of Blade Air Mobility (BLDE) with a Buy rating and $6.50 price target Blade, a logistics provider for medical and urban air transportation, has “transformed its business for the better over the last 24 months in an overlooked and undervalued manner,” the analyst tells investors. The firm believes the market discounts the visibility of significant earnings growth through 2026 for a stock that it expects “will be afforded a premium multiple as this materializes,” the analyst added.