BETA Technologies, Inc. Class A, the Industrials sector company, was revisited by a Wall Street analyst today. Analyst Chris Pierce from Needham reiterated a Buy rating on the stock and has a $34.00 price target.
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Chris Pierce has given his Buy rating due to a combination of factors that underscore BETA Technologies’ competitive position and long-term value potential. Following discussions with senior management at the Needham Growth Conference, he emphasizes the company’s status as an early leader in electric aviation, supported by aircraft that are already in customers’ hands and a steadily expanding backlog of orders. He also highlights the strength of BETA’s ecosystem, noting that its partnerships with high-quality counterparties and regulators enhance both credibility and execution visibility.
Furthermore, Pierce points to BETA’s integrated strategy, which spans core electric aviation technologies, aircraft, charging infrastructure, and data, enabling a comprehensive “full stack” solution for customers. Management’s focus on designing aircraft that can incorporate future technological advances is seen as positioning the company to benefit from structural industry growth drivers for years to come. These elements combine to create favorable long-term revenue and earnings prospects, which he believes justify a premium valuation and support his $34 price target, based on a multiple of projected 2030 adjusted EBITDA discounted back to present value.
Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BETA in relation to earlier this year.