BETA Technologies Inc (NYSE:BETA) Given Average Rating of “Moderate Buy” by Analysts

Shares of BETA Technologies Inc (NYSE:BETA) have received an average rating of “Moderate Buy” from the nine analysts that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $38.1250.

Several equities research analysts have commented on the company. 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. Morgan Stanley initiated coverage on shares of BETA Technologies in a research note on Monday, December 1st. They issued an “overweight” rating and a $34.00 price target on the stock. Needham & Company LLC initiated coverage on shares of BETA Technologies in a research report on Monday, December 1st. They set a “buy” rating and a $34.00 price objective on the stock. Jefferies Financial Group started coverage on shares of BETA Technologies in a report on Sunday, November 30th. They issued a “hold” rating and a $30.00 target price for the company. Finally, BTIG Research assumed coverage on shares of BETA Technologies in a research note on Monday, December 1st. They issued a “buy” rating and a $40.00 target price on the stock.

BETA Technologies Stock Down 4.9%

Shares of BETA opened at $28.02 on Friday. BETA Technologies has a fifty-two week low of $22.40 and a fifty-two week high of $39.50.

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

BETA Technologies Company Profile

BETA Technologies is an aerospace company focused on the development of electric aircraft and the supporting infrastructure required for commercial electric aviation. The company designs and manufactures vertical takeoff and landing (eVTOL) and short takeoff and landing aircraft intended for cargo and passenger missions, and pairs those aircraft with electric propulsion systems, battery charging solutions and maintenance support to deliver integrated air mobility solutions.

Founded in 2017 and based in Burlington, Vermont, BETA has concentrated its activities on flight test, aircraft development and the build-out of charging and operational infrastructure in the United States.