Upgrade and price target
Jefferies has raised its rating on Beta Technologies (NYSE: BETA) from Hold to Buy and established a $30.00 price target, implying roughly 79% upside from the cited market price of $16.77. The move comes while the shares hover close to their 52-week low of $15.61, and technical indicators reported by InvestingPro point to an oversold condition based on the relative strength index (RSI).
Driver: product visibility and contract durability
The upgrade followed a Jefferies analyst visit to Eve Air Mobility’s Investor Day, where Beta’s electric pusher motors were presented. Those motors are a central element of a 10-year agreement with Eve that can be worth up to $1 billion, a contract Beta signed at the end of 2025. Jefferies cited these developments as evidence of "incremental positive catalysts for the eVTOL landscape" that could support Beta’s stock after recent risk-off market behavior.
Flight tests and certification timetable
Beta’s hardware is being used in the EVEX flight test program, which began in late 2025 and relies on Beta pusher motors. According to the information provided to Jefferies, the motors remain on track for certification in the first half of 2026. Beta is engaged in for-credit certification testing as part of that process, and the company is continuing work with Eve under the long-term contract signed last year.
Financial and market context
Operationally, Beta reported a gross profit margin of 75.72%. Despite this strong margin figure, InvestingPro analysis cited in the same reporting indicates that BETA is trading above its Fair Value. The stock’s technical and valuation signals thus present a mixed picture: attractive program-level momentum but valuation and share-price weakness that investors will need to weigh.
Other recent corporate developments
- BETA disclosed its first earnings report since going public; following that report, BofA Securities increased its price target on the company from $35 to $37 while retaining a Buy rating.
- Amazon has taken a 5.3% ownership stake in BETA, as shown in a regulatory filing that gives Amazon sole voting and investment authority over 11,753,896 shares of BETA’s Class A common stock.
- In partnership activity, Surf Air Mobility has teamed with Beta and the Hawaii Department of Transportation to apply for the federal Electric Vertical Takeoff and Landing Integration Pilot Program, which aims to introduce electric air service in Hawaii using Beta’s ALIA electric aircraft.
- Beta has publicly expressed support for the U.S. Department of Transportation’s Advanced Air Mobility National Strategy, a policy framework outlining priorities for the coming decade.
- Separately, Eve Holding has selected Beta to supply electric pusher motors for its eVTOL prototypes and potential future production aircraft.
Catalyst calendar
Jefferies flagged an additional event that could influence sentiment across the sector: anticipated March awards tied to the Department of Transportation and FAA’s eVTOL Integration Pilot Program. Such awards are cited as a potential supporting factor for shares if they materialize in a way favorable to Beta and its partners.
Assessment
The combination of visible product placement at partner events, an in-place long-term contract, active flight tests using Beta motors, and near-term certification milestones form the basis for Jefferies’ upgraded rating and $30 target. At the same time, the stock’s proximity to its yearly low and third-party valuation signals that it may be trading above fair value present countervailing considerations for investors.
Summary of key factual points
- Jefferies upgraded BETA from Hold to Buy with a $30 price target; current referenced market price was $16.77 and 52-week low $15.61.
- Beta’s pusher motors were shown at Eve Air Mobility’s Investor Day and are covered under a 10-year contract worth up to $1 billion signed at the end of 2025.
- The EVEX flight test program uses Beta motors and began in late 2025; motor certification is on schedule for the first half of 2026 with for-credit testing underway.