From Nasdaq: 2025-02-24 12:22:00

Archer Aviation Inc. (NYSE: ACHR) stock is down over 7% amid a market sell-off. The company recently secured $301.8 million in funding for its eVTOL platform, Midnight, and is building its initial fleet for testing with the FAA.

A $148 million deal with the U.S. Air Force has put Archer in the spotlight, but recent news of potential cost-cutting at the DOD has accelerated the stock decline. Despite this, Archer’s eVTOL platform aligns with the military’s goals.

Archer’s recent capital raise brings its balance sheet to $1 billion and funds a production facility in Georgia. The company aims to produce 650 aircraft annually by 2030, pending regulatory approval. Short-term selling pressure persists with ACHR stock up 89% over the last year.

Analysts remain bullish on ACHR stock, with Raymond James reiterating an Outperform rating and a $12 price target. Earnings report on February 27 may bring more volatility, with estimates of a net loss of 25 cents per share and revenue of $200 million.

MarketBeat highlights five top-rated stocks from Wall Street analysts, offering potential opportunities. Despite market volatility, Archer Aviation’s long-term outlook and eVTOL technology remain promising for investors.



Read more at Nasdaq:: Archer Aviation Stock Skids: Mistaking Progress for Bad News?