#2 - Archer Aviation (NYSE:ACHR)
Archer Aviation Inc. (NYSE: ACHR) may not beat Joby Aviation to the finish line, but it won’t be far behind. As of January 2025, Archer has completed the first three stages of FAA certification. And, like Joby, it expects to begin commercial flights in 2026.
Archer faces many of the same risks as Joby Aviation with high short interest, and the company is still years away from turning a profit. However, like Joby, Archer has a partnership with a key manufacturer, Stellantis N.V. (NYSE: STLA), to help ensure the company can successfully scale production.
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
- $9.25
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 6 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $11.38 (23.0% Upside)