Bank of America Issues Positive Forecast for BETA Technologies (NYSE:BETA) Stock Price

BETA Technologies (NYSE:BETA) had its price objective raised by stock analysts at Bank of America from $35.00 to $37.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Bank of America‘s target price indicates a potential upside of 32.57% from the company’s previous close.

Several other equities analysts have also commented on BETA. Needham & Company LLC assumed coverage on BETA Technologies in a research note on Monday, December 1st. They issued a “buy” rating and a $34.00 target price for the company. Wall Street Zen cut BETA Technologies from a “hold” rating to a “sell” rating in a report on Saturday. Zacks Research raised shares of BETA Technologies to a “hold” rating in a research note on Tuesday, December 2nd. BTIG Research initiated coverage on shares of BETA Technologies in a research report on Monday, December 1st. They issued a “buy” rating and a $40.00 target price on the stock. Finally, Citigroup assumed coverage on shares of BETA Technologies in a report on Monday, December 1st. They issued a “buy” rating and a $41.00 target price for the company. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $38.13.

BETA Technologies Stock Down 6.0%

Shares of NYSE BETA opened at $27.91 on Wednesday. BETA Technologies has a 1 year low of $22.40 and a 1 year high of $39.50.

BETA Technologies (NYSE:BETA) last issued its quarterly earnings results on Thursday, December 4th. The company reported ($9.83) earnings per share for the quarter. The business 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.