Latest news with #AustinMoeller
Business Insider
2 days ago
- Business
- Business Insider
Archer Aviation Stock Backed by Canaccord Analyst with $13 Buy Target
Archer Aviation (ACHR) held its second-quarter earnings call last week. After the stock declined at first, it started drawing bullish attention from Wall Street as analysts continued to back the stock. The stock closed at $9.82 on Friday. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Canaccord's Take on Archer The latest to reaffirm his Buy rating is Canaccord's four-star analyst Austin Moeller, with a $13 price target, slightly lower than his prior $13.50 view. Despite the decrease, Moeller points to the company's steady production progress and strong balance sheet. He noted that even with a considerable adjusted EBITDA loss in the second quarter, Archer has expanded output of its Midnight aircraft at its sites in California and Georgia. The push is supported by a $1.7 billion cash reserve that was recently strengthened through a capital raise, giving the company flexibility to continue its growth plan. At the same time, Archer Aviation is advancing toward the final stage of certification with the Federal Aviation Administration, which remains a key hurdle for the air taxi market. Moeller highlighted the company's work to refine manufacturing and improve efficiency, while also noting the potential for revenue from Launch Edition customer programs. Yet, some risks remain. Timelines for execution have moved at a rapid pace, and there is a chance the company may miss its own targets. Meanwhile, the latest quarter showed an adjusted EBITDA loss of $118.7 million and a free cash outflow of about $122 million. Overall, Archer Aviation holds strong support from analysts who see progress in production, certification, and partnerships. However, investors also face the reality of continued cash burn and regulatory steps still ahead. Is Archer Aviation Stock a Good Buy? Despite the stock's speculative nature, Wall Street analysts remain optimistic about the company. Based on eight recent ratings, Archer Aviation boasts a 'Strong Buy' consensus with an average 12-month price target of $12.06. This implies a 22.81% upside from the current price.
Yahoo
08-08-2025
- Business
- Yahoo
JOBY: Analysts downgrade Joby After Q2 miss, Warn Stock is Overvalued
Aug 8 - Joby Aviation (NYSE:JOBY) stock has skyrocketed this year, up 243% in the past 12 months and 113% year-to-date. But after reporting a wider-than-expected Q2 loss, two Wall Street analysts just hit the brakes. On August 6, Joby posted a Q2 net loss of $0.41 per share, missing analyst estimates of a $0.19 loss. The company ramped up aircraft production and testing as it pushes toward its commercial launch in 2026. It ended the quarter with $991 million in cash, giving it solid runway for ongoing development. Warning! GuruFocus has detected 4 Warning Signs with JOBY. Following the report, HC Wainwright analyst Amit Dayal downgraded the stock to Neutral from Buy, noting the nearly 400% rally since September 2023 has likely priced in major milestones like FAA certification and scaled production, events still months or years away. Canaccord Genuity analyst Austin Moeller has similarly downgraded to Hold along with a rationale of valuation downward pressure on Joby which stays on track. His price target of $17 is just a little bit below the current trading point. However, despite those downgrades, both analysts are supportive of Joby in the long-term with regard to its path towards commercialization. This article first appeared on GuruFocus. 登入存取你的投資組合
Business Insider
22-07-2025
- Business
- Business Insider
BlackSky Technology (BKSY) Receives a Buy from Canaccord Genuity
In a report released today, Austin Moeller from Canaccord Genuity maintained a Buy rating on BlackSky Technology, with a price target of $27.00. The company's shares closed today at $22.33. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Moeller covers the Industrials sector, focusing on stocks such as Archer Aviation, Joby Aviation, and Vertical Aerospace. According to TipRanks, Moeller has an average return of 19.0% and a 48.61% success rate on recommended stocks. In addition to Canaccord Genuity, BlackSky Technology also received a Buy from H.C. Wainwright's Scott Buck in a report issued today. However, on July 19, TR | OpenAI – 4o reiterated a Hold rating on BlackSky Technology (NYSE: BKSY).
Yahoo
20-07-2025
- Business
- Yahoo
Redwire Aims Higher: Analyst Backs Space Firm's Defense Expansion
Redwire Corporation (NYSE:RDW) is one of the best space stocks to buy according to hedge funds. On July 16, Canaccord analyst Austin Moeller reiterated a Buy rating on Redwire, while nudging the 12‑month price target from $20 to $21, implying roughly a 24% upside from current levels, which were around $17.70 at the time. Moeller emphasized Redwire's expanding capabilities beyond space, especially its Edge Autonomy drone tech. The VXE30 Stalker UAS, soldier-friendly with 8+ hours of flight endurance and classified on the DoD's Blue UAS list, underpins the firm's belief in growing defense adoption. The analyst also highlighted how Redwire is locking in federal and NATO contracts using its drone-satellite end‑to‑end encrypted communication systems, including Link‑16 antennas and Mako satellite buses, giving it a competitive edge in secure ISR and tactical applications. A satellite dish installation atop a modern building, symbolizing the power of signal transmission solutions. This fresh reiteration shows confidence that the Edge acquisition shifts Redwire's profile from pure components provider to an integrated space-and-defense platform specialist, capitalizing on rising aerospace budgets and strategic infrastructure investments. The modest price‑target bump reflects measured optimism, balancing execution risks with strong growth potential. Redwire Corporation (NYSE: RDW) is a multi-domain space and defense technology integrator supplying advanced spacecraft components, deployable solar arrays, and robotics to NASA, DoD, and allied space agencies; following its 2025 acquisition of Edge Autonomy, it now also delivers unmanned aerial systems and ISR capabilities to U.S. and NATO defense forces. While we acknowledge the potential of RDW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None.
Business Insider
10-07-2025
- Business
- Business Insider
Analysts Project 25% Upside for Archer Aviation (ACHR) Stock after Milestone Flight Success
A famous football coach once urged his new team's fanbase to turn from 'doubters to believers.' Well, that is precisely what is transpiring before our eyes, this time in the eVTOL industry, with Archer Aviation (ACHR) at the center. Analysts covering the company are showing renewed conviction, and once hesitant investors are starting to take notice from the sidelines. Yesterday, Archer earned fresh endorsements from Wall Street. Analysts at Canaccord Genuity and Cantor Fitzgerald both reiterated Buy ratings on the stock, each assigning a $13 price target. At Monday's close of $10.37, that implies a potential upside of more than 25%. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with , delivered to your inbox every week. Flight Milestones, Global Strategy, and Long-Term Execution First, Canaccord Genuity's Austin Moeller maintained his positive outlook, highlighting Archer's recent operational progress. The company successfully completed a test flight of its Midnight eVTOL aircraft in Abu Dhabi, operating under extreme heat, humidity, and dust conditions. Moeller believes these milestones show Archer's ability to meet regulatory demands and move toward commercialization. His valuation is based on a discounted cash flow model through 2035, reflecting long-term growth potential. Cantor Fitzgerald's Andres Sheppard also reiterated a Buy rating, maintaining his price target of $13. He pointed to Archer's strategy in the UAE and the expansion of test operations as key steps toward FAA certification and commercial service. Sheppard, a 4-star analyst on TipRanks with a 15.7% average return, sees Archer's partnerships with United Airlines (UAL), the Department of Defense, and Anduril as strong indicators of execution. Financial Flexibility Financially, Archer reported a first-quarter GAAP net loss of $93.4 million, an improvement from the $116.5 million loss reported in the prior year. The company ended March with $1.03 billion in cash and a current ratio of 1.58, providing it with flexibility to support its ramp-up. Production is expected to scale to two aircraft per month by year-end at its Georgia facility. Archer will also need to deliver six type-conforming aircraft for FAA Type Inspection Authorization trials, expected to take 9 to 12 months. The latest analyst activity adds to a Moderate Buy consensus for ACHR stock, based on six ratings. The average price target stands at $11.75, with a high forecast of $18 and a low of $4.50. Shares are up 124% over the past year. average ACHR stock price target is $11.75, implying a 13.31% upside.
