Archer Aviation (ACHR) Gets a Buy from Canaccord Genuity
In a report released today, Austin Moeller from Canaccord Genuity maintained a Buy rating on Archer Aviation (ACHR – Research Report), with a price target of $13.00. The company's shares opened today at $10.08.
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According to TipRanks, Moeller is a 4-star analyst with an average return of 9.5% and a 46.19% success rate. Moeller covers the Industrials sector, focusing on stocks such as Spire Global, Archer Aviation, and Joby Aviation.
In addition to Canaccord Genuity, Archer Aviation also received a Buy from Cantor Fitzgerald's Andres Sheppard in a report issued on June 10. However, on May 29, Barclays maintained a Hold rating on Archer Aviation (NYSE: ACHR).
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