Bank of America Initiates Coverage on BETA Technologies (NYSE:BETA)

Stock analysts at Bank of America assumed coverage on shares of BETA Technologies (NYSE:BETA) in a research note issued on Monday, Marketbeat Ratings reports. The firm set a “buy” rating and a $35.00 price target on the stock. Bank of America‘s target price indicates a potential upside of 23.89% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the company. Needham & Company LLC assumed coverage on BETA Technologies in a research note on Monday. They issued a “buy” rating and a $34.00 price target on the stock. Cantor Fitzgerald began coverage on shares of BETA Technologies in a research report on Monday. They issued an “overweight” rating and a $42.00 price objective on the stock. Citigroup initiated coverage on shares of BETA Technologies in a research note on Monday. They set a “buy” rating and a $41.00 target price for the company. BTIG Research initiated coverage on shares of BETA Technologies in a report on Monday. They set a “buy” rating and a $40.00 target price for the company. Finally, Wall Street Zen raised shares of BETA Technologies to a “hold” rating in a report on Saturday, November 15th. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $37.88.

BETA Technologies Stock Performance

NYSE:BETA opened at $28.25 on Monday. BETA Technologies has a 12-month low of $22.40 and a 12-month high of $39.50.

BETA Technologies Company Profile

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.