BETA Technologies (NYSE:BETA) Trading 6.1% Higher on Analyst Upgrade

Shares of BETA Technologies Inc (NYSE:BETAGet Free Report) were up 6.1% during mid-day trading on Tuesday after Zacks Research upgraded the stock to a hold rating. The stock traded as high as $28.32 and last traded at $27.82. Approximately 154,675 shares traded hands during trading, a decline of 88% from the average daily volume of 1,344,177 shares. The stock had previously closed at $26.22.

Several other research analysts also recently weighed in on the company. Cantor Fitzgerald assumed coverage on BETA Technologies in a research note on Monday. They set an “overweight” rating and a $42.00 target price on the stock. BTIG Research assumed coverage on BETA Technologies in a report on Monday. They issued a “buy” rating and a $40.00 price target for the company. Morgan Stanley assumed coverage on shares of BETA Technologies in a report on Monday. They set an “overweight” rating and a $34.00 price objective on the stock. The Goldman Sachs Group assumed coverage on shares of BETA Technologies in a research note on Monday. They issued a “buy” rating and a $47.00 target price for the company. Finally, Bank of America initiated coverage on shares of BETA Technologies in a research report on Monday. They set a “buy” rating and a $35.00 target price on the stock. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, BETA Technologies has an average rating of “Moderate Buy” and an average price target of $37.88.

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BETA Technologies Stock Up 1.0%

BETA Technologies (NYSE:BETAGet Free Report) last released its quarterly earnings data on Thursday, December 4th. The company reported ($9.83) EPS for the quarter.

BETA Technologies Company Profile

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BETA Technologies Inc is an electric aerospace company. It involved in designing, manufacturing and selling high-performance electric aircraft, advanced electric propulsion systems, components and charging systems. BETA Technologies Inc is based in SOUTH BURLINGTON.

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