Archer Aviation Gets Strong Buy Backing as Analysts See 108% Upside

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Wall Street analysts remain upbeat on Archer Aviation ACHR -3.07% ▼ after its full-year report, as the firm moves ahead with its air taxi plan. The stock now trades near $6.30, while several analysts keep price targets near $13. This gap points to more than 100% upside if the firm meets its goals.

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Most recently, Cantor Fitzgerald four-star analyst Andres Sheppard kept a Buy rating on the stock with a $13 price target. At the same time, other firms such as Canaccord Genuity and H.C. Wainwright also kept Buy ratings on the shares.

Meanwhile, ACHR shares dropped 3.07% on Tuesday, closing at $6.32.

FAA Progress and Key Deals

First, analysts point to key steps in the U.S. air taxi path. Archer said the FAA gave full OK to the “Means of Compliance” for its Midnight craft. This step helps clear a path to full type cert, which the firm needs to run air taxi flights.

Similarly, analysts note strong ties to major groups. Archer has deals with United Airlines and Stellantis, which help with fleet plans and craft build. The firm is also contracted with the U.S. Department of Defense.

Path to Early Flights

Next, analysts see a path to first flights soon. Archer aims to start air taxi test runs in 2026 in sites such as Florida, Texas, and New York. These runs are part of a U.S. pilot plan backed by the White House.

At the same time, the firm keeps a strong cash base. Archer holds about $2 billion in cash and cash-like funds, which analysts say should help fund craft build and test work.

Is Archer Aviation Stock a Good Buy?

Based on six recent ratings, Archer Aviation has a Strong Buy view from Wall Street. The average ACHR stock price target is $13.20, which implies about 108% upside from the current share price.

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