Archer Aviation's Midnight Aircraft Sets Course for Global Takeoff (Revised)
With demand for faster, cleaner and more efficient urban transportation on the rise, the eVTOL industry is attracting growing interest from both investors and aviation leaders. Thus, Archer Aviation apart, other players like Joby Aviation Inc. JOBY and Embraer ERJ are also making notable progress in this industry.Joby Aviation is advancing rapidly with its air taxi program. It has completed more than 40,000 miles of test flights and is now operating six aircraft in its test fleet. It plans to launch commercial passenger services in cities like Los Angeles, New York and Dubai.On the other hand, Embraer's Eve Air Mobility is developing an eVTOL aircraft focused on regional transport. Eve has gained strong industry interest, supported by Embraer's experience in commercial aviation and existing relationships with global airlines. The company is also focused on building urban air traffic management systems to support the safe integration of eVTOLs into city airspace.
Shares of ACHR have gained 173.2% in the past year compared with the industry's 16.4% growth.
Image Source: Zacks Investment Research
The company's shares are trading at a discount on a relative basis, with its trailing 12-month Price/Book being 5.43X compared with its industry's average of 5.87X.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for ACHR's 2025 and 2026 loss has improved over the past 60 days.
Image Source: Zacks Investment Research
ACHR stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
(We are reissuing this article to correct a mistake. The original article, issued on June 24, 2025, should no longer be relied upon.)
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