Best Flying Car Stock

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Best Flying Car Stock

Best Flying Car Stock Pick From Goldman Sachs

Goldman Sachs has picked BETA Technologies (BETA) as the best stock in the flying car category. Right now, the flying car sector is still in its early phase, which means early investors stand a chance to gain massive returns.

Goldman Sachs has given a 'Buy' rating for the BETA stock. Meanwhile, the bank has given a neutral and a sell rating to Archer Aviation and Joby Aviation, respectively.

Beta Stock Gets A Strong Buy Rating

The bank added that BETA has adopted a specific certification strategy, which decreases the learning curve. At the same time, this strategy also brings forward revenue without affecting the EVTOL timeline.

Also, BETA is a parts supplier for the aircraft, which is already a very lucrative business model. In addition, the firm has also partnered with GE to develop a special vehicle for defense purposes. At the same time, BETA is also selling chargers and motors to its competition, which will bring more revenue.

According to Goldman Sachs, being a parts supplier and an aircraft manufacturer gives an edge to BETA. Also, the market cap of BETA is only $6 billion, which means ample upside can be expected.

When we look at Tesla or even other players in the aviation field, it becomes clear that BETA is very undervalued right now. Also, Tesla disrupted the traditional car market, and BETA is likely to do the same if it becomes a success.

Goldman also added that the revenue of BETA will reach $2.8 billion in the year 2029. On top of that, the free cash flow of BETA is also expected to cross $1.4 billion in the coming years.

However, the bank added that the firm will need to raise more capital to keep up with development and its day-to-day operations.

Overall, Goldman Sachs and a lot of other analysts are very bullish on the BETA stock. In fact, 3 out of 4 analysts have given a 'Strong Buy' rating to BETA stock.

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