Why Shares of Archer Aviation Took Flight This Week
From Yahoo Finance: 2025-06-12 19:10:00
Archer Aviation completed a successful piloted transition flight, resulting in a 15% increase in stock trading. Wall Street remains optimistic about the company, with Cantor Fitzgerald maintaining an overweight rating and issuing a $13 price target. The Trump administration issued executive orders that could benefit the eVTOL sector, including Archer. The company has achieved regulatory and operational milestones and secured contracts with the Department of Defense. While promising, Archer is not yet profitable and trades at a $6.4 billion market cap. Investors are advised to consider regulatory milestones and other accomplishments before investing.
Read more at Yahoo Finance: Why Shares of Archer Aviation Took Flight This Week