Cantor sees Beta as leader in air mobility, starts with Overweight

Cantor Fitzgerald analyst Andres Sheppard initiated coverage of Beta Technologies (BETA) with an Overweight rating and $42 price target Beta is an electric aerospace manufacturer developing electric conventional takeoff and landing aircraft and electric vertical takeoff and landing aircraft for multiple use cases, the analyst tells investors in a research note. The firm believes the company benefits from a faster path to Federal Aviation Authority Certification, a “sizable” order book, and further upside potential from its aftermarket services and ancillary revenue streams. Cantor thinks Beta’s electric conventional takeoff and landing will be the first electric aircraft to receive type certification from the FAA.