Beta Technologies (BETA) shares surged over 20% this week after Amazon (AMZN) acquired a 5.3% stake in the electric aviation company. This investment showcases confidence in BETA’s technology and market potential. Despite the increase, BETA stock remains down over 30% from its year-to-date high. Amazon’s stake provides institutional validation and a clear path to commercial scalability for BETA, making it an attractive investment option with significant upside potential, according to Jefferies analysts. Wall Street consensus on BETA stock remains a “Strong Buy” with a target price of $37, indicating a potential 100% increase from current levels.

Read more at Barchart: Should You Buy Beta Technologies Stock as Amazon Reveals Higher 5.3% Stake?