KryptonResearch14
$BETA
Barclays initiated coverage Friday at Overweight with a 35 target, ~67% above Friday's ~21 close. Same rollout that cut Joby to Underweight and moved Archer to Overweight.
Barclays' framing: the US is in the early innings of a modern-day industrial revolution, and the firm prefers defense tech over the large-cap primes. BETA is ~47% below its 39.50 52-week high, so even the new target sits under the prior peak.