Brokerages Set BETA Technologies Inc (NYSE:BETA) PT at $36.56

Shares of BETA Technologies Inc (NYSE:BETA) have earned a consensus rating of “Moderate Buy” from the eleven ratings firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $36.5556.

Several equities research analysts recently commented on the company. BTIG Research began coverage on BETA Technologies in a research note on Monday, December 1st. They set a “buy” rating and a $40.00 target price for the company. Morgan Stanley initiated coverage on BETA Technologies in a report on Monday, December 1st. They set an “overweight” rating and a $34.00 price target on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $34.00 price objective on shares of BETA Technologies in a research report on Thursday, January 15th. Bank of America boosted their target price 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. Finally, Citigroup started coverage on shares of BETA Technologies in a research note on Monday, December 1st. They set a “buy” rating and a $41.00 target price on the stock.

BETA Technologies Trading Down 4.6%

BETA stock opened at $18.67 on Friday. The firm has a market capitalization of $4.12 billion and a price-to-earnings ratio of -1.90. The firm has a fifty day moving average price of $24.79. BETA Technologies has a 12-month low of $15.61 and a 12-month high of $39.50.

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

Institutional Trading of BETA Technologies

Large investors have recently made changes to their positions in the company. Sandia Investment Management LP bought a new stake in BETA Technologies in the 4th quarter valued at about $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 bought a new stake in shares of BETA Technologies during the fourth quarter valued at approximately $42,000. Kestra Advisory Services LLC acquired a new position in shares of BETA Technologies during the fourth quarter worth approximately $70,000. Finally, Parallel Advisors LLC bought a new position in shares of BETA Technologies in the 4th quarter worth $74,000.

About BETA Technologies

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.