Archer Aviation (ACHR) Lands Fresh Buy Ratings and Price Targets Up to $18 after Earnings Call
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What the Street's Saying
To kick things off, Benchmark's Josh Sullivan kept a $12.00 target and zeroed in on the company's progress toward FAA eVTOL certification. While the regulatory framework is still taking shape, events on the horizon, like the 2028 Los Angeles Olympics, and recent executive orders could help speed up the process. Archer, notably, is the exclusive air taxi provider for those Games, giving it a unique edge. On top of that, its push into defense tech via acquisitions opens up new revenue streams. With $1.7 billion in cash on hand, the company has the resources to chase these big goals.
Over at Needham, Chris Pierce bumped the price target to $13.00, with a focus more on the road to commercialization. He noted that Archer not only stuck to its production guidance – something many doubted – but also moved its UAE program from the planning stage to actual flight testing. Manufacturing is ramping up at two sites, and a pilot program backed by the White House sets a clear path for U.S. testing by 2026. He also sees Archer's OEM model as a faster-growth play compared to peers focused solely on air taxi services.
H.C. Wainwright's Amit Dayal came out the most bullish, slapping on that $18.00 target. He pointed out that even though Archer reported no revenue this quarter, it continues to clear major milestones: progress toward certification, prepping its first Launch Edition deliveries, and positioning itself for regulatory tailwinds from the Olympics. Dayal also flagged the company's defense strategy, including work on hybrid-electric aircraft, as another key growth lever.
All told, analysts agree Archer has the funding, partnerships, and momentum to make its ambitious plans work. Still, they caution that execution risk is real given the aggressive timeline.
Is Archer Aviation Stock a Good Buy?
Despite the stock's speculative nature, Wall Street analysts remain optimistic about the company. Based on six recent ratings, Archer Aviation boasts a 'Moderate Buy' consensus with an average 12-month price target of $11.92. This implies a 20.83% upside from the current price.
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