Analyst Stock Ratings Update
Cantor Fitzgerald maintains Overweight ratings on Sterling Construction and Beta Technologies amid strong demand.
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Key Points
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Cantor Fitzgerald set a $742 price target on Sterling Construction. The article also reported that Sterling’s second-quarter 2026 adjusted earnings of $5.80 per share and revenue of $1.17 billion exceeded analysts’ estimates.
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Beta Technologies said its aircraft had flown more than 230,000 nautical miles by October 4, visiting over 487 airports in 42 U.S. states and 14 countries; management’s year-end goal is 250,000 nautical miles.
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Beta’s second-quarter 2026 adjusted loss was $0.64 per share, 18 cents wider than analysts expected, while revenue rose 146% year over year to $14.66 million.
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Beta attributed the revenue increase to recognition from its GE Aerospace demonstration program and charger deliveries to the Florida Department of Transportation; management also raised its full-year sales outlook.
Cantor Fitzgerald doubled down on two growth stocks this week, maintaining Overweight ratings on Sterling Construction and Beta Technologies despite quarterly earnings misses on one front. Sterling beat revenue and earnings expectations by wide margins, while Beta posted a deeper loss than expected—but Cantor believes both companies have major catalysts ahead that justify their bullish stance. Cantor Fitzgerald also trimmed its price target on Generac to $297 while keeping an Overweight rating.
Sterling Construction Hits Growth Beyond Capacity Limits
Cantor Fitzgerald set a $742 price target on Sterling Construction and noted that demand now exceeds the company's available capacity. Labor remains the main constraint holding back more growth. The firm sees phased campus projects extending visibility well beyond the backlog Sterling has publicly reported, giving investors confidence in long-term orders.
Sterling's second-quarter 2026 adjusted earnings reached $5.80 per share on revenue of $1.17 billion, both handily beating analyst expectations. Cantor Fitzgerald attributed margin pressure in e-infrastructure to an unfavorable project mix rather than operational weakness, suggesting the pressure should ease as the portfolio rebalances.
Beta Technologies Flies Toward FAA Certification
Beta Technologies logged over 230,000 nautical miles of flight testing across 487 airports in 42 U.S. states and 14 countries by early October, pushing toward a year-end goal of 250,000 nautical miles. Cantor Fitzgerald highlighted extensive piloted flight activity as a sign the company is on track for FAA certification of its conventional takeoff-and-landing aircraft—a milestone the firm views as a major growth catalyst.
Beta's second-quarter 2026 adjusted loss of $0.64 per share came in 18 cents worse than analysts expected. Yet revenue surged 146% year over year to $14.66 million, driven by Cantor Fitzgerald's recognition of a GE Aerospace demonstration program and charger shipments to Florida's Department of Transportation. Management also raised its full-year sales outlook, signaling confidence despite the quarterly miss.
Generac Gets Price Cut But Keeps Bullish Rating
Cantor Fitzgerald lowered its Generac price target to $297 while maintaining an Overweight rating on the power equipment maker. The downward revision signals Cantor sees near-term headwinds but still expects solid long-term value. The firm also reiterated its Overweight rating and $65 target on Procore Technologies, showing selective confidence in software and infrastructure plays despite broader market volatility.
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