AirJoule Technologies Corporation (NASDAQ:AIRJ) Stock Has Consensus Target Price of $9.20 According to Brokerages

AirJoule Technologies Corporation (NASDAQ:AIRJ) has been given a consensus rating of “Moderate Buy” by the seven ratings firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $9.20.

Several brokerages have commented on AIRJ. B. Riley Financial raised their price target on shares of AirJoule Technologies from $6.00 to $8.00 and gave the company a “buy” rating in a report on Monday, August 17th. UBS Group set a $10.00 price target on shares of AirJoule Technologies in a report on Monday, August 17th. Needham & Company LLC initiated coverage on AirJoule Technologies in a research report on Monday, August 31st. They issued a “hold” rating on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of AirJoule Technologies in a research report on Thursday, August 13th. Finally, D. Boral Capital began coverage on AirJoule Technologies in a research note on Friday, October 2nd. They set a “buy” rating and a $8.00 price objective for the company.

Institutional Trading of AirJoule Technologies

Institutional investors and hedge funds have recently modified their holdings of the business. State Street Corp raised its position in shares of AirJoule Technologies by 26.8% during the 2nd quarter. State Street Corp now owns 552,042 shares of the company’s stock valued at $3,058,000 after buying an additional 116,739 shares in the last quarter. Operose Advisors LLC purchased a new position in AirJoule Technologies in the second quarter worth $100,000. Concurrent Investment Advisors LLC purchased a new position in AirJoule Technologies in the second quarter worth $144,000. Bank of America Corp DE grew its position in AirJoule Technologies by 63.5% in the first quarter. Bank of America Corp DE now owns 25,779 shares of the company’s stock worth $65,000 after acquiring an additional 10,011 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in AirJoule Technologies by 36.8% in the first quarter. Renaissance Technologies LLC now owns 393,200 shares of the company’s stock valued at $987,000 after acquiring an additional 105,700 shares during the last quarter. Hedge funds and other institutional investors own 63.65% of the company’s stock.

AirJoule Technologies Trading Down 3.7%

Shares of AirJoule Technologies stock opened at $3.68 on Monday. AirJoule Technologies has a 12-month low of $2.22 and a 12-month high of $6.75. The company has a market cap of $269.93 million, a price-to-earnings ratio of -2.83 and a beta of 0.89. The company’s 50-day moving average price is $4.72 and its 200-day moving average price is $4.20.

AirJoule Technologies (NASDAQ:AIRJ) last released its quarterly earnings data on Thursday, August 13th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.04). On average, sell-side analysts predict that AirJoule Technologies will post -0.09 earnings per share for the current year.

About AirJoule Technologies

AirJoule Technologies Corp. (NASDAQ:AIRJ) develops technologies that extract water vapor from the atmosphere. Its platform is designed to capture moisture from ambient air and convert it into usable water, including potable water and water for commercial or industrial applications.

The company’s technology is based on advanced sorbent materials that selectively absorb water vapor. AirJoule also aims to support energy-efficient humidity control and dehumidification, with potential applications in buildings, industrial facilities, agriculture, data centers and other settings where water recovery or climate control is important.

AirJoule Technologies was formerly known as Montana Technologies Corporation and became a publicly traded company through a business combination.