BETA Technologies Inc (NYSE:BETA) Receives Average Rating of “Moderate Buy” from Analysts

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

Several research firms have commented on BETA. Citigroup assumed coverage on shares of BETA Technologies in a research report on Monday, December 1st. They set a “buy” rating and a $41.00 price target for the company. The Goldman Sachs Group started coverage on shares of BETA Technologies in a research report on Monday, December 1st. They set a “buy” rating and a $47.00 target price for the company. Cantor Fitzgerald started coverage on shares of BETA Technologies in a research note on Monday, December 1st. They issued an “overweight” rating and a $42.00 target price for the company. BTIG Research initiated coverage on BETA Technologies in a research report on Monday, December 1st. They set a “buy” rating and a $40.00 price target on the stock. Finally, Wall Street Zen lowered BETA Technologies from a “hold” rating to a “sell” rating in a report on Saturday, December 13th.

BETA Technologies Stock Performance

Shares of NYSE BETA opened at $30.12 on Friday. BETA Technologies has a 12-month low of $22.40 and a 12-month high of $39.50.

BETA Technologies (NYSE:BETA) last issued its quarterly earnings data on Thursday, December 4th. The company reported ($9.83) earnings per share for the quarter. The company had revenue of $8.92 million during the quarter, compared to analysts’ expectations of $7.50 million.

BETA Technologies Company Profile

BETA Technologies (NYSE: BETA) is an electric aviation company focused on the development of electric vertical takeoff and landing (eVTOL) aircraft and the supporting systems needed for commercial operations. Headquartered in Burlington, Vermont, the company designs and builds aircraft platforms intended to serve short-haul passenger and cargo missions, and develops the battery and charging infrastructure required to operate those aircraft in routine service.

BETA’s product set includes eVTOL airframes, electric propulsion and battery systems, and ground charging hardware, together with the operational services and training programs necessary to integrate electric aircraft into existing transportation networks.