Latest news with #ChrisPierce
Yahoo
13-05-2025
- Business
- Yahoo
Archer Aviation's Defense Push, Piloted Flight To Boost Stock: Analysts
Archer Aviation Inc. (NASDAQ:ACHR) shares are surging on Tuesday following the company's better-than-expected first-quarter results, which were reported on Monday. The company reported a loss of 17 cents per share, beating analyst estimates of 28 cents loss per share. Needham analyst Chris Pierce reiterated a Buy rating and maintained a price forecast of $13 post Q1 results. The analyst notes that the company is making steady progress across several areas. A piloted flight is expected soon, and preparations for its first commercial launch in the UAE are underway. The company is benefiting from favorable regulatory developments, strategic partnerships, and early customer interest – all of which point to strong global demand and promising long-term potential, the analyst adds that while near-term revenue visibility is limited due to modest initial deployments dependent on local partners and regulators, the company's long-term outlook remains positive; ACHR's aircraft offers advantages over existing options in a supply-constrained market. The analyst revised 2025 EBITDA estimates to $460 million from $418 million. HC Wainwright & Co. analyst Amit Dayal also reiterated a Buy rating and maintained a price forecast of $12.50. The analyst writes that, as expected, the company did not generate any quarterly revenues. The analyst notes that management reported that ground, transition, and technical tests are complete, with piloted flights expected to begin within days. The analyst believes this progress is crucial for delivering at least one aircraft to the UAE this summer for regional testing. Dayal anticipates that advancements in Archer's aviation software initiatives with Palantir Technologies, Inc. (NASDAQ:PLTR) will unlock new revenue streams that have not yet been included in their forecasts. The analyst also believes regulatory support for the eVTOL (electric vertical takeoff and landing) market remains strong. By 2030 and beyond, the analyst projects Archer's consistent annual eVTOL manufacturing to exceed 300 units per year, reaching a cumulative production of over 3,000 eVTOLs between 2034 and 2036. Dayal estimates revenue of around $18 million in 2025, over $42 million in 2026, and around $1 billion by 2028. JP Morgan analyst Bill Peterson maintained a Neutral rating with a price forecast of $9. This rating reflects a cautious stance due to uncertainties surrounding FAA certification timelines and the challenges facing the eVTOL industry. The analyst highlighted key earnings takeaways: an imminent piloted flight, increased defense investment, a growing hybrid/defense strategy, and a balanced production ramp-up. Given FAA certification delays, strong government support for defense, and uncertain consumer adoption, Peterson expects Archer to focus more on the defense sector. With multiple aircraft in assembly in California and Georgia, the analyst forecasts low production volumes through 2026, followed by a modest ramp-up from 2027 as efficiency improves. Price Action: ACHR shares are up 21.2% to $11.00 at the last check on Tuesday. Image via Shutterstock Date Firm Action From To Nov 2021 Cantor Fitzgerald Initiates Coverage On Overweight View More Analyst Ratings for ACHR View the Latest Analyst Ratings Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article Archer Aviation's Defense Push, Piloted Flight To Boost Stock: Analysts originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
07-05-2025
- Business
- Business Insider
Analysts Conflicted on These Consumer Cyclical Names: EVgo (EVGO) and Portillo's (PTLO)
Analysts have been eager to weigh in on the Consumer Cyclical sector with new ratings on EVgo (EVGO – Research Report) and Portillo's (PTLO – Research Report). Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. EVgo (EVGO) In a report released today, Chris Pierce from Needham reiterated a Hold rating on EVgo. The company's shares closed last Tuesday at $3.67. According to Pierce is ranked 0 out of 5 stars with an average return of -15.5% and a 34.7% success rate. Pierce covers the NA sector, focusing on stocks such as ChargePoint Holdings, Rivian Automotive, and Sonic Automotive. EVgo has an analyst consensus of Strong Buy, with a price target consensus of $6.63. Portillo's (PTLO) Stifel Nicolaus analyst Chris O`Cull maintained a Buy rating on Portillo's today and set a price target of $17.00. The company's shares closed last Tuesday at $10.47. According to O`Cull is a 5-star analyst with an average return of 13.4% and a 57.1% success rate. O`Cull covers the NA sector, focusing on stocks such as Restaurant Brands International, First Watch Restaurant Group, and Papa John's International. Currently, the analyst consensus on Portillo's is a Moderate Buy with an average price target of $14.60, which is a 47.8% upside from current levels. In a report released today, William Blair also reiterated a Buy rating on the stock.
Yahoo
05-05-2025
- Business
- Yahoo
Why Archer Aviation Stock Soared 17.2% Higher in April
Archer Aviation revealed its vision for operating an air taxi network in and around New York City. Officials in the United Arab Emirates approved infrastructure plans to support Archer's future operations in Abu Dhabi. An analyst reiterated a buy rating and price target that implies significant upside. Extending the 5.6% decline that it suffered in March, the S&P 500 (SNPINDEX: ^GSPC) inched almost 0.7% lower in April. Of course, there were stocks that bucked the trend and managed to gain altitude last month. Archer Aviation (NYSE: ACHR), for example, ascended 17.2% higher, according to data provided by S&P Global Market Intelligence. In addition to the company announcing advancements in its goal to bring air taxi service via its electric vertical take-off and landing (eVTOL) aircraft to customers, investors loaded up on shares of Archer after learning of an analyst's auspicious outlook for its stock. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » On April 17, investors gained more insight into Archer's plan for air taxi service in and around New York City. In collaboration with United Airlines, Archer aspires to offer customers the ability to travel from Manhattan to airports located on Long Island, northern New Jersey, and Westchester County on flights that last under 20 minutes -- a considerable time-saver over trips by car that can take as much as several hours, depending on traffic. Addressing Archer's vision for reimagining travel around the New York metropolitan area, Adam Goldstein, Archer's founder and CEO, said: The New York region is home to three of the world's preeminent airports, serving upwards of 150 million passengers annually. But the drive from Manhattan to any of these airports can be painful, taking one, sometimes two hours. We want to change that by giving residents and visitors the option to complete trips in mere minutes. With respect to the company's business in the Middle East, Archer announced that officials in the United Arab Emirates had approved the transformation of a helipad at the Abu Dhabi Cruise Terminal into a hybrid heliport where both helicopters and eVTOL aircraft can operate. The progress toward developing infrastructure for Archer's eVTOL aircraft is something that investors are watching closely, as the company has suggested that it may begin commercial operations in the UAE as early as the fourth quarter of 2025. Providing the bulls with more reason to click the buy button, Needham analyst Chris Pierce reiterated a buy rating on Archer stock on April 21 and maintained a $13 price target toward the end of the month. At that time, the price target implied upside of about 80% from where the stock had closed the day prior. Achieving further progress in its march toward commencing commercial operations, Archer notched an important success in Abu Dhabi -- something that investors certainly appreciated. Likewise, its intention of providing air taxi service in and around New York City also earned approval from investors. Despite the stock's climb in April, shares are still down about 5% year to date, as of this writing. Those scanning the skies for an intriguing growth opportunity should certainly take a closer look at Archer stock right now, undeterred by the stock's recent rise. Before you buy stock in Archer Aviation, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Archer Aviation wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $623,685!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $701,781!* Now, it's worth noting Stock Advisor's total average return is 906% — a market-crushing outperformance compared to 164% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of April 28, 2025 Scott Levine has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Archer Aviation Stock Soared 17.2% Higher in April was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
26-04-2025
- Business
- Yahoo
Why Shares of Archer Aviation Took Flight This Week
Since the close of trading last Friday, shares of the electric aircraft company Archer Aviation (NYSE: ACHR) had risen close to 18.5%, as of 1 p.m. ET on Thursday. The company continues to progress toward its goal of commercializing air taxis, and also received a bullish research note from a Wall Street analyst. Archer Aviation has seen its stock decline about 12% this year, but Needham analyst Chris Pierce says to ignore the noise and "load up" on the stock because the company continues to make strong progress toward launching its Midnight electric aircraft for commercial use in what could prove to be a sizable market opportunity. Pierce maintained a buy rating on the stock and a $13 price target. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Pierce cited two recent industry events that give him confidence about Archer's future. First, the company recently let the public see its Midnight electric aircraft at an event in Manhattan, with prominent officials from United Airlines and the New York City Economic Development Corporation in attendance. Pierce also attended a conference with Archer and the other two air taxi players. He came away thinking that regional airports have significant interest in leveraging air taxis. "We're bullish on electrification driving increased regional airport usage, replacing a wide swath of inefficient and environmentally damaging 2-6 hour road trips done in ICE vehicles," Pierce wrote in a research note. In other news, Archer also announced plans to set up an air network between Manhattan and metropolitan New York airports. The company is also making progress on setting up a network in the United Arab Emirates (UAE). The General Civil Aviation Agency (GCAA) recently approved a proposal by Archer and Falcon Aviation to make the Abu Dhabi Cruise Terminal helipad into a hybrid heliport that can be used for air taxis. Given the regulatory progress made by Archer and enthusiasm around commercial air taxis, it's hard not to be bullish on the company and stock. After all, with only two other competitors, it's going to be a first mover in what could be a massive market. Given traffic and environmental concerns, electric air taxis certainly have merit. If you choose to buy, just keep in mind that Archer is still pre-revenue and trades at over a $4.5 billion market cap when sizing your position. Before you buy stock in Archer Aviation, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Archer Aviation wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $566,035!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $629,519!* Now, it's worth noting Stock Advisor's total average return is 829% — a market-crushing outperformance compared to 155% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of April 21, 2025 Bram Berkowitz has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Shares of Archer Aviation Took Flight This Week was originally published by The Motley Fool Sign in to access your portfolio
Business Insider
23-04-2025
- Business
- Business Insider
‘Load Up,' Says Needham About Archer Aviation Stock
Archer Aviation (NYSE:ACHR) shares may be feeling the impact of the stock market's ongoing tariff-driven volatility – down roughly 25% year-to-date – but the company's long-term promise remains as enticing as ever. Stay Ahead of the Market: Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. At least, that's the take from Needham analyst Chris Pierce, who sees compelling momentum behind the eVTOL innovator, especially after two recent events that highlighted the progress the company has been making. One of those moments came at the company's 'Meet Midnight' event in Manhattan, where it unveiled its Midnight aircraft. According to Pierce, the event 'checked the necessary boxes,' sparking plenty of enthusiasm among potential passengers based on the potential for a new and improved way to reach metro NYC airports. And this wasn't just a PR stunt. Heavy hitters like United Airlines and the New York City Economic Development Corporation, which oversees key heliports including East 34th Street and Downtown Manhattan, were in attendance, adding further credibility to the 'potential transformation' of airport transportation. 'We left the event more bullish on eVTOL vertiport potential at larger airports after speaking with representatives from United's Newark team,' Pierce commented on the matter. The other recent event Archer was involved in was the eVTOL Insights' North America Conference, with Archer and peers Joby Aviation and Beta Technologies all taking part. Pierce views commercial eVTOL aircraft certification in the US as a three-horse race, with the three companies 'emerging as winners.' What stood out to Pierce the most at the conference was how 'little share of the event' the major eVTOL players actually had, despite being 'clearly felt in the room.' Company reps and panelists largely acknowledged the dominance of these key players in the metropolitan eVTOL market and instead directed their focus toward electrification as a means to boost regional airport usage. 'We're bullish on electrification driving increased regional airport usage, replacing a wide swath of inefficient and environmentally damaging 2-6 hour road trips done in ICE vehicles,' says the analyst on this issue. Beta Technologies, for example, has already installed charging infrastructure at more than 20 regional airports east of the Mississippi and recently wrapped a six-week piloted flight tour across 22 U.S. states. Meanwhile, companies like Surf Mobility are tapping into real-world travel patterns to figure out where people actually want to go, not just where planes happen to land. All told, Pierce is staying firmly in the bull camp with a Buy rating on ACHR shares and a $13 price target, implying a nearly 80% upside from current levels. (To watch Pierce's track record, click here) The broader Street isn't far behind. The average price target stands at $12.83, pointing to a potential 75% gain over the next year. With 6 Buys and just 1 Hold on record, the stock earns a Strong Buy consensus rating. (See ACHR stock forecast) To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights.
