Archer Aviation has signed an agreement with Saudi Arabia’s GACA to accelerate air taxi deployment in the country, aiming to establish a regulatory framework aligned with FAA regulations. The company creates eVTOL aircraft for air taxi services and recently won bids and partnerships to advance its goals. While yet to generate revenue, Archer Aviation maintains strong liquidity. Analysts are optimistic about the stock, with a consensus “Moderate Buy” rating and a price target representing potential upside. The company is strategically positioning itself for commercialization, making it a potential buy for investors.

Read more at Barchart: Archer Aviation Is Bringing Its Flying Cars to Saudi Arabia. Is ACHR Stock a Buy Here?