Investment analysts at Alliance Global Partners started coverage on shares of Montana Technologies (NASDAQ:AIRJ - Get Free Report) in a note issued to investors on Monday, MarketBeat reports. The brokerage set a "buy" rating and a $11.00 price target on the stock. Alliance Global Partners' price objective would indicate a potential upside of 42.86% from the company's current price.
Separately, HC Wainwright assumed coverage on Montana Technologies in a research report on Friday, December 20th. They issued a "buy" rating and a $12.00 price target for the company.
Check Out Our Latest Research Report on Montana Technologies
Montana Technologies Stock Performance
Shares of AIRJ traded up $0.33 during mid-day trading on Monday, hitting $7.70. 18,015 shares of the company's stock were exchanged, compared to its average volume of 55,137. Montana Technologies has a twelve month low of $4.94 and a twelve month high of $49.11. The firm has a fifty day moving average of $8.35 and a two-hundred day moving average of $7.37.
Hedge Funds Weigh In On Montana Technologies
A number of institutional investors have recently modified their holdings of AIRJ. Millennium Management LLC acquired a new position in Montana Technologies in the 4th quarter valued at $85,000. Bank of America Corp DE boosted its holdings in Montana Technologies by 8,851.2% during the fourth quarter. Bank of America Corp DE now owns 11,189 shares of the company's stock valued at $89,000 after acquiring an additional 11,064 shares during the period. Jane Street Group LLC acquired a new stake in shares of Montana Technologies in the fourth quarter valued at about $117,000. Northern Trust Corp increased its stake in shares of Montana Technologies by 24.9% in the fourth quarter. Northern Trust Corp now owns 35,858 shares of the company's stock worth $286,000 after purchasing an additional 7,150 shares during the period. Finally, Kovitz Investment Group Partners LLC lifted its position in shares of Montana Technologies by 66.1% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 145,324 shares of the company's stock worth $1,158,000 after purchasing an additional 57,824 shares during the last quarter. Institutional investors own 63.65% of the company's stock.
About Montana Technologies
(
Get Free Report)
Montana Technologies Corporation operates as an atmospheric renewable energy and water harvesting technology company. It provides energy and dehumidification, evaporative cooling, and atmospheric water generation through its AirJoule technology. The company is headquartered in Ronan, Montana.
Recommended Stories
Before you consider Montana Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Montana Technologies wasn't on the list.
While Montana Technologies currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering when you'll finally be able to invest in SpaceX, Starlink, or X.AI? Enter your email address to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
