BETA Technologies (NYSE:BETA) Receives Buy Rating from Needham & Company LLC

Key Points

• Needham & Company reissued a Buy rating on BETA with a $34 price target—implying roughly 69% upside—and the stock holds a consensus "Moderate Buy" from analysts (average target $36.56; 9 Buys, 1 Hold, 1 Sell).
• BETA traded at $20.08 (market cap ≈ $4.43B) and rose about 4.2% intraday, but it posted a sizeable quarterly EPS miss (‑$2.02 vs. ‑$0.47 estimate) even as revenue surged 152.3% year‑over‑year, and the company remains unprofitable.

BETA Technologies (NYSE:BETA - Get Free Report)'s stock had its "buy" rating reissued by analysts at Needham & Company LLC in a research report issued on Monday,Benzinga reports. They presently have a $34.00 price target on the stock. Needham & Company LLC's target price would suggest a potential upside of 69.36% from the stock's previous close.

Other analysts have also issued reports about the stock. Zacks Research raised shares of BETA Technologies to a "hold" rating in a research note on Tuesday, December 2nd. Cantor Fitzgerald began coverage on shares of BETA Technologies in a research note on Monday, December 1st. They issued an "overweight" rating and a $42.00 price target on the stock. Morgan Stanley assumed coverage on shares of BETA Technologies in a research report on Monday, December 1st. They issued an "overweight" rating and a $34.00 price objective for the company. 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. Finally, Jefferies Financial Group raised shares of BETA Technologies from a "hold" rating to a "buy" rating and set a $30.00 target price on the stock in a research report on Wednesday, February 11th. Nine investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $36.56.

BETA Technologies Stock Up 4.2%

BETA stock traded up $0.81 during mid-day trading on Monday, hitting $20.08. The company had a trading volume of 937,776 shares, compared to its average volume of 1,053,057. The company has a market capitalization of $4.43 billion and a P/E ratio of -2.02. The firm's 50-day moving average price is $22.65. BETA Technologies has a 12-month low of $15.61 and a 12-month high of $39.50.

BETA Technologies (NYSE:BETA - Get Free Report) last posted its earnings results on Monday, March 9th. The company reported ($2.02) earnings per share for the quarter, missing analysts' consensus estimates of ($0.47) by ($1.55). The business's revenue for the quarter was up 152.3% compared to the same quarter last year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Sandia Investment Management LP bought a new position in shares of BETA Technologies in the fourth quarter worth approximately $26,000. Manchester Capital Management LLC bought a new stake in BETA Technologies during the fourth quarter valued at approximately $38,000. Wolff Wiese Magana LLC bought a new stake in BETA Technologies during the fourth quarter valued at approximately $42,000. Kestra Advisory Services LLC purchased a new position in BETA Technologies in the 4th quarter worth approximately $70,000. Finally, Parallel Advisors LLC purchased a new position in BETA Technologies in the 4th quarter worth approximately $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.

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