Emerging Growth Research initiated coverage on Faraday Future Intelligent Electric Inc. with a Buy-Emerging rating and a 12-month price target of $2.00 per share. The target represents substantial potential upside from the company's recent share price of $0.31 at the close on June 9, 2026. The firm cites a multi-trillion-dollar robotics opportunity and the company's embodied AI ecosystem as key drivers for future growth.

Faraday Future has established an ecosystem focused on humanoid, quadruped, and automotive-focused robots designed for consumer and commercial applications. The company reported customer deposits of $13.8 million at the end of the first quarter of 2026, a 31% sequential increase from year-end 2025 levels. It recently shipped 69 embodied AI robots during May 2026 and increased its FY2026 robot delivery target from 1,000 units to 1,500 units.

The company currently offers three embodied AI robot platforms: the Aegis quadruped robot, the Master humanoid companion robot, and the Futurist professional humanoid robot. These products target applications ranging from security and surveillance to education, hospitality, healthcare, research, and personal assistance. Emerging Growth Research believes the integrated ecosystem strategy provides potential revenue streams beyond hardware sales through its EAI Brain, open-source developer platform, and Data Factory business.

Although Faraday Future remains EBITDA and cash flow negative, the company secured approximately $70 million in capital commitments during 2026. This funding is expected to support operations through the balance of FY2026 and into the first half of FY2027. Emerging Growth Research projects FY2026 revenue of approximately $12.5 million, representing growth of more than 2,200% compared to FY2025 revenue. Revenue is projected to increase further to approximately $64.2 million in FY2027.

The $2.00 price target is derived from a blended valuation methodology utilizing both a total addressable market analysis and a discounted cash flow model. The U.S. humanoid robotics market alone could ultimately represent a $3 trillion total addressable market, according to research cited in the report.