Key Takeaways
- BETA Technologies stock rose 33% in a week after a third-quarter beat and a raised 2026 revenue range, as rival Joby Aviation raised its own outlook.
- BETA still expects a $400-445 million adjusted EBITDA loss this year, and its delayed H500A engine has no new certification date.
- This year looks solid, but 2027 needs certified aircraft, so BETA stays a speculative buy.
BETA Technologies (BETA) stock is up 33% in the past week on a third-quarter report that cleared its own guidance easily.
Rival Joby Aviation (JOBY) raised its outlook the same week.
The quarter blew past its own guidance
BETA reported before the open on Nov. 3:
- Revenue of $17.7 million, up 98% and well ahead of the $10.77 million analysts expected
- A 2026 revenue range of $52-57 million, up from $42-50 million and above the $46.9 million consensus
Even the bottom of the new range tops consensus.
Joby beat too on Nov. 4, raising its 2026 revenue outlook to $135-140 million on demand at Blade, its charter business. But Joby now expects FAA pilots to begin flying its aircraft for credit in the first half of 2027. Its stock is up 23% for the week, on a raise that says more about charters than about its air taxi.
Revenue’s up, and so are the losses
BETA’s adjusted EBITDA loss widened to $97.4 million in the quarter, from $67.6 million a year before. And it kept its full-year loss guidance at $400-445 million. Its H500A engine missed its first-half certification target, with no new date. Cash and equivalents stood at $1.34 billion on Sept. 30. That’s about two and a half years at the quarter’s pace of losses and capex. So I wouldn’t rule out a stock sale.
TIKR tracks 9 analysts on BETA Technologies. How many say “Buy”?
See the full breakdown of Buy, Hold, and Sell ratings on BETA Technologies, along with Wall Street’s revenue and earnings estimates, all in one place. More than 500,000 investors use TIKR to research stocks like this one. See BETA Technologies’ Analyst Ratings
The 2027 bet hasn’t changed
The quarter backs up the speculative case for BETA, but 2027 is the bigger bet:
Analysts’ $362 million for 2027 is more than six times BETA’s new 2026 range, and it needs certified aircraft. The quarter gives them no reason to cut it, but no reason to expect certification sooner, either.
At Thursday’s close, BETA traded at 87x forward sales, under its 117x average since listing and well above May’s 64x low:
Friday’s jump took it to about 98x, above the 93x it carried before the report. The Street’s $32 average target is 16% above Friday’s close.
So yes, the raised outlook is that good, for 2026. I’d still keep BETA a small, speculative position until the H500A is certified. A firm date with fourth-quarter results early next year would help.
So what is BETA Technologies stock actually worth?
TIKR lets you forecast the future price of any stock in less than a minute. Just enter a few assumptions into TIKR’s valuation model and see what BETA Technologies could be worth. Start from Wall Street consensus estimates, or adjust the inputs to reflect your own view of the business. It’s free to use.
Value BETA Technologies for free
Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any of the stocks mentioned. Thank you for reading, and happy investing!
