Brokerages Set BETA Technologies Inc (NYSE:BETA) Target Price at $38.13

Shares of BETA Technologies Inc (NYSE:BETA) have received a consensus recommendation of “Moderate Buy” from the nine analysts that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $38.1250.

A number of brokerages have issued reports on BETA. Jefferies Financial Group began coverage on BETA Technologies in a report on Sunday, November 30th. They set a “hold” rating and a $30.00 price target for the company. Wall Street Zen upgraded BETA Technologies from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. Bank of America boosted their target price on BETA Technologies from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, December 17th. Cantor Fitzgerald began coverage on shares of BETA Technologies in a research note on Monday, December 1st. They issued an “overweight” rating and a $42.00 price target on the stock. Finally, BTIG Research assumed coverage on shares of BETA Technologies in a report on Monday, December 1st. They set a “buy” rating and a $40.00 price objective on the stock.

BETA Technologies Stock Performance

Shares of NYSE:BETA opened at $25.17 on Tuesday. BETA Technologies has a 52 week low of $22.40 and a 52 week high of $39.50. The firm has a 50 day moving average price of $28.32. The stock has a market cap of $5.55 billion and a P/E ratio of -2.56.

BETA Technologies (NYSE:BETA) last released its quarterly earnings data on Thursday, December 4th. The company reported ($9.83) earnings per share (EPS) for the quarter. The firm had revenue of $8.92 million for the quarter, compared to analyst estimates of $7.50 million.

Institutional Investors Weigh In On BETA Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA purchased a new stake in BETA Technologies in the fourth quarter valued at $6,349,000. SG Americas Securities LLC acquired a new stake in shares of BETA Technologies during the fourth quarter worth about $1,386,000. Green Alpha Advisors LLC acquired a new stake in shares of BETA Technologies during the fourth quarter worth about $603,000. Capricorn Fund Managers Ltd purchased a new stake in shares of BETA Technologies in the 4th quarter valued at about $564,000. Finally, Stratos Wealth Partners LTD. acquired a new stake in shares of BETA Technologies in the 4th quarter valued at about $360,000.

About BETA Technologies

BETA Technologies is an American aerospace company that develops electric vertical takeoff and landing (eVTOL) aircraft and supporting infrastructure. The company focuses on designing aircraft and propulsion systems intended for short-range cargo, logistics and regional passenger movement, emphasizing electric propulsion, battery systems and integrated charging solutions to support distributed operations.

Its product and service set includes aircraft design and development, electric motor and battery integration, charging hardware and software, and flight testing aimed at meeting certification requirements.