BETA Technologies (NYSE:BETA) Receives Buy Rating from BTIG Research

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

BETA has been the topic of a number of other reports. Bank of America boosted their price objective on shares of BETA Technologies from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, December 17th. Citigroup started coverage on BETA Technologies in a report on Monday, December 1st. They set a “buy” rating and a $41.00 target price on the stock. Weiss Ratings initiated coverage on BETA Technologies in a research note on Friday, January 30th. They issued a “sell (d-)” rating on the stock. UBS Group set a $24.00 price target on shares of BETA Technologies and gave the stock a “buy” rating in a research note on Monday, February 9th. Finally, Jefferies Financial Group upgraded shares of BETA Technologies from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a report on Wednesday, February 11th. Nine equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, BETA Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $36.56.

Check Out Our Latest Analysis on BETA Technologies

BETA Technologies Stock Up 13.1%

Shares of NYSE:BETA opened at $21.79 on Tuesday. The company’s 50-day moving average is $22.50. The company has a market capitalization 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.

BETA Technologies (NYSE:BETAGet Free Report) last issued its earnings results on Monday, March 9th. The company reported ($2.02) EPS for the quarter, missing the consensus estimate of ($0.47) by ($1.55). BETA Technologies’s revenue was up 152.3% compared to the same quarter last year.

Hedge Funds Weigh In On BETA Technologies

Several institutional investors have recently added to or reduced their stakes in the company. Sandia Investment Management LP purchased a new stake in BETA Technologies in the fourth quarter worth about $26,000. Manchester Capital Management LLC bought a new stake in BETA Technologies during the fourth quarter valued at about $38,000. Wolff Wiese Magana LLC purchased a new stake in shares of BETA Technologies during the fourth quarter worth about $42,000. Kestra Advisory Services LLC purchased a new position in shares of BETA Technologies in the fourth quarter worth $70,000. Finally, Parallel Advisors LLC acquired a new stake in shares of BETA Technologies during the fourth quarter worth $74,000.

BETA Technologies News Summary

Here are the key news stories impacting BETA Technologies this week:

About BETA Technologies

(Get Free Report)

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.

See Also

Analyst Recommendations for BETA Technologies (NYSE:BETA)

Receive News & Ratings for BETA Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BETA Technologies and related companies with MarketBeat.com's FREE daily email newsletter.