The Goldman Sachs Group Begins Coverage on BETA Technologies (NYSE:BETA)

Analysts at The Goldman Sachs Group assumed coverage on shares of BETA Technologies (NYSE:BETA) in a research note issued on Monday, Marketbeat reports. The firm set a “buy” rating and a $47.00 price target on the stock. The Goldman Sachs Group’s price target indicates a potential upside of 63.08% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Morgan Stanley initiated coverage on shares of BETA Technologies in a research report on Monday. They set an “overweight” rating and a $34.00 price objective for the company. Citigroup assumed coverage on shares of BETA Technologies in a research report on Monday. They set a “buy” rating and a $41.00 price target on the stock. Cantor Fitzgerald began coverage on BETA Technologies in a report on Monday. They issued an “overweight” rating and a $42.00 price objective on the stock. Needham & Company LLC began coverage on BETA Technologies in a research report on Monday. They issued a “buy” rating and a $34.00 price objective for the company. Finally, BTIG Research began coverage on BETA Technologies in a research report on Monday. They issued a “buy” rating and a $40.00 target price on the stock. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.88.

BETA Technologies Stock Up 1.6%

Shares of BETA traded up $0.45 during midday trading on Monday, reaching $28.82. The company had a trading volume of 362,974 shares, compared to its average volume of 1,360,621. BETA Technologies has a 1-year low of $22.40 and a 1-year high of $39.50.

About BETA Technologies

BETA Technologies Inc is an electric aerospace company. It involved in designing, manufacturing and selling high-performance electric aircraft, advanced electric propulsion systems, components and charging systems. BETA Technologies Inc is based in SOUTH BURLINGTON.