Archer Aviation's recent stock gains and expanding eVTOL partnerships highlight its momentum even as long-term uncertainties persist.
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.
Stephen Ross, founder of Hudson Yards developer Related Companies, is putting financial muscle behind Archer Aviation, Wall Street Journal reported.
Archer Aviation has forged a number of partnerships with airlines and other partners. The company still hasn't generated any revenue.
ACHR and EVTL advance their eVTOL programs with new partnerships, testing milestones and financial updates shaping their market positions.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Archer Aviation is advancing its Midnight eVTOL aircraft, targeting commercial launch and revenue generation in the UAE as a key milestone. ACHR's hybrid business model combines aircraft sales, air-taxi operations, and technology licensing, with strong early demand expected from UAE urban routes. The stock has pulled back 33% to the mid-$7 range, presenting an attractive entry point given progress toward certification and robust cash reserves.
ACHR advances with airport acquisitions, global deals and tech partnerships as competition with JOBY intensifies.
Archer Aviation's sharp share surge, new tech deals and bold expansion moves raise big questions about whether its momentum can last.
Archer Aviation said on Monday it will supply its electric powertrain for the Omen autonomous air vehicle, being co-developed by U.S. defense technology firm Anduril Industries and UAE-based EDGE group.
Whether you've heard of electric vertical takeoff and landing (eVTOL) aircraft or not, the concept of “flying cars” is something most investors can get behind.
Archer Aviation ( NYSE:ACHR ) saw its stock plunge last week following its third-quarter earnings report and the unexpected announcement of acquiring Hawthorne Municipal Airport in Los Angeles for $126 million.