BETA Technologies (NYSE:BETA) Announces Earnings Results

BETA Technologies (NYSE:BETA) released its quarterly earnings data on Thursday. The company reported ($9.83) earnings per share (EPS) for the quarter, Zacks reports.

BETA Technologies Stock Up 4.3%

Shares of NYSE:BETA opened at $29.58 on Thursday. BETA Technologies has a 1-year low of $22.40 and a 1-year high of $39.50.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on BETA shares. Citigroup initiated coverage on BETA Technologies in a research note on Monday. They set a “buy” rating and a $41.00 target price for the company. Zacks Research raised shares of BETA Technologies to a “hold” rating in a report on Tuesday. Morgan Stanley assumed coverage on shares of BETA Technologies in a report on Monday. They issued an “overweight” rating and a $34.00 target price for the company. BTIG Research began coverage on shares of BETA Technologies in a research report on Monday. They issued a “buy” rating and a $40.00 target price on the stock. Finally, Needham & Company LLC initiated coverage on shares of BETA Technologies in a research report on Monday. They issued a “buy” rating and a $34.00 price target for the company. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $37.88.

About BETA Technologies

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.