BETA Technologies (NYSE:BETA) Trading 8.1% Higher After Analyst Upgrade

BETA Technologies Inc (NYSE:BETA) shares rose 8.1% on Thursday after Bank of America raised their price target on the stock from $35.00 to $37.00. Bank of America currently has a buy rating on the stock. BETA Technologies traded as high as $30.50 and last traded at $30.24. Approximately 179,901 shares changed hands during trading, a decline of 85% from the average daily volume of 1,171,771 shares. The stock had previously closed at $27.97.

Other equities analysts have also recently issued reports about the stock. Zacks Research raised shares of BETA Technologies to a “hold” rating in a research report on Tuesday, December 2nd. Wall Street Zen downgraded BETA Technologies from a “hold” rating to a “sell” rating in a report on Saturday, December 13th. Cantor Fitzgerald began coverage on BETA Technologies in a report on Monday, December 1st. They set an “overweight” rating and a $42.00 price objective on the stock. The Goldman Sachs Group initiated coverage on BETA Technologies in a research note on Monday, December 1st. They set a “buy” rating and a $47.00 target price for the company. Finally, Morgan Stanley began 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. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, BETA Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.13.

BETA Technologies Trading Up 8.1%

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

BETA Technologies Company Profile

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.