BETA Technologies’ (BETA) Buy Rating Reaffirmed at BTIG Research

BETA Technologies (NYSE:BETAGet Free Report)‘s stock had its “buy” rating reissued by equities research analysts at BTIG Research in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $40.00 price target on the stock. BTIG Research’s target price suggests a potential upside of 83.55% from the stock’s current price.

Several other analysts also recently issued reports on the company. Morgan Stanley began coverage on BETA Technologies in a report on Monday, December 1st. They issued an “overweight” rating and a $34.00 price target for the company. The Goldman Sachs Group started coverage on BETA Technologies in a research note on Monday, December 1st. They issued a “buy” rating and a $47.00 price target for the company. Jefferies Financial Group upgraded shares of BETA Technologies from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Wednesday, February 11th. Citigroup started coverage on BETA Technologies in a report on Monday, December 1st. They issued a “buy” rating and a $41.00 target price on the stock. Finally, Zacks Research raised shares of BETA Technologies to a “hold” rating in a research report on Tuesday, December 2nd. Nine research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, BETA Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $36.56.

Read Our Latest Stock Analysis on BETA Technologies

BETA Technologies Stock Performance

Shares of BETA Technologies stock opened at $21.79 on Tuesday. The firm has a market cap of $4.81 billion and a PE ratio of -2.22. BETA Technologies has a 12-month low of $15.61 and a 12-month high of $39.50. The firm has a fifty day moving average of $22.50.

BETA Technologies (NYSE:BETAGet Free Report) last posted its quarterly earnings data on Monday, March 9th. The company reported ($2.02) EPS for the quarter, missing the consensus estimate of ($0.47) by ($1.55). The business’s quarterly revenue was up 152.3% on a year-over-year basis.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Sandia Investment Management LP bought a new position in shares of BETA Technologies in the 4th quarter valued at $26,000. Manchester Capital Management LLC acquired a new stake in BETA Technologies in the fourth quarter valued at approximately $38,000. Wolff Wiese Magana LLC acquired a new position in BETA Technologies during the 4th quarter valued at about $42,000. Kestra Advisory Services LLC bought a new stake in shares of BETA Technologies in the 4th quarter worth $70,000. Finally, Parallel Advisors LLC purchased a new stake in shares of BETA Technologies during the fourth quarter valued at approximately $74,000.

Trending Headlines about BETA Technologies

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BETA Technologies Company Profile

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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.

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Analyst Recommendations for BETA Technologies (NYSE:BETA)

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