Emerging Growth Research reiterates Buy on Faraday Future, lifts 12-month target to $30
FFAI•Emerging Growth Research raises target after reverse split
Emerging Growth Research reiterated its Buy-Emerging rating on Faraday Future and raised its 12-month price target to $30 from $2 pre-split.
The update follows a 1-for-150 reverse stock split aimed at maintaining Nasdaq listing compliance.
The report cited progress in embodied AI robotics, including more than 250 cumulative unit sales, shipments, and deliveries since late February 2026.
