#6 - Archer Aviation (NYSE:ACHR)
If Joby Aviation is the leader in the eVTOL space, Archer Aviation Inc. (NYSE: ACHR) may be considered the 1A choice for investors. In fact, many of the mutual funds and ETFs that invest in eVTOLs include both JOBY and ACHR stocks.
Archer Aviation’s lead product is its Midnight eVTOL. In August, it delivered its first Midnight aircraft to the U.S. Air Force, giving ACHR stock a brief lift and paving the way for commercial operations to begin.
That will be critical because, like Joby, the company is not yet profitable and is even in the pre-revenue stage. Nevertheless, ACHR stock is down 47% in 2024. That's nearly three times the stock price decline in JOBY stock. And while investors have been buying the latter in 2024, Archer remains under selling pressure. For now, it seems investors are casting their speculative vote on Joby, but Archer is still worth a close look for speculative investors.
About Archer Aviation
Archer Aviation Inc, together with its subsidiaries, engages in designs, develops, and operates electric vertical takeoff and landing aircraft for use in urban air mobility. The company was formerly known as Atlas Crest Investment Corp. and changed its name to Archer Aviation Inc The company is headquartered in San Jose, California.
- Current Price
- $6.04
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 5 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $9.33 (54.5% Upside)
