Archer Aviation Inc. (ACHR)
NYSE NYSE Primary Summary
ACHR Outperforms Industry Over the Past 3 Months: Should You Buy?
Archer Aviation's recent stock gains and expanding eVTOL partnerships highlight its momentum even as long-term uncertainties persist.
Wall Street Analysts See a 29.72% Upside in Archer Aviation (ACHR): Can the Stock Really Move This High?
The mean of analysts' price targets for Archer Aviation (ACHR) points to a 29.7% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Billionaire Stephen Ross backs $200 flying taxi rides that reach speeds of 150 mph to beat Miami traffic hell
Stephen Ross, founder of Hudson Yards developer Related Companies, is putting financial muscle behind Archer Aviation, Wall Street Journal reported.
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Archer Aviation Inc. Profile
| Aerospace & Defense Industry | Industrials Sector | Adam D. Goldstein CEO | NYSE Exchange | 03945R102 CUSIP |
| US Country | 774 Employees | - Last Dividend | - Last Split | - IPO Date |
Overview
Archer Aviation Inc., along with its subsidiaries, operates within the innovative space of urban air mobility, focusing on the design, development, and operation of electric vertical takeoff and landing (eVTOL) aircraft. Initially known as Atlas Crest Investment Corp., the company underwent a significant transformation to align its brand name with its futuristic vision, adopting the name Archer Aviation Inc. This strategic rebranding reflects the company’s commitment to pioneering in the realm of sustainable and efficient urban transportation. With its headquarters situated in San Jose, California, Archer Aviation positions itself at the forefront of the aviation and technology sectors, aiming to revolutionize how people commute within urban landscapes.
Products and Services
- Electric Vertical Takeoff and Landing (eVTOL) Aircraft
Archer Aviation Inc. specializes in the creation of eVTOL aircraft, embodying a blend of aviation, technology, and environmental sustainability. These aircraft are designed to take off and land vertically, similar to helicopters, but with the added advantages of electric propulsion. This means they are not only quieter but also much cleaner in terms of emissions, compared to traditional aircraft. The emphasis on electric power aligns with global efforts to reduce carbon footprints and combat climate change. Archer’s eVTOL aircraft are poised to transform urban air mobility by offering a novel mode of transportation that is fast, efficient, and environmentally friendly.
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