ACHR Stock Recent News

NEW YORK--(BUSINESS WIRE)---- $ACHR--Archer (NYSE: ACHR) unveiled plans today for a proposed New York City air taxi network in partnership with United Airlines, aiming to transform how New York residents and visitors move around the region. Archer's goal is to enable passengers to travel from Manhattan to nearby airports in just 5-15 minutes using Midnight, dramatically reducing travel times compared to traditional ground transportation and helping avoid the city's notorious traffic. Midnight is Archer's.

Archer Aviation (ACHR -1.65%), a maker of electric vertical take-off and landing (eVTOL) aircraft, has been a divisive stock ever since it went public by merging with a special purpose acquisition company (SPAC) in September 2021. The bulls claimed it would disrupt the helicopter industry with its electric aircraft, while the bears believed it would struggle to expand its fledgling business.

It takes courage to buy beaten-down growth stocks during a stock market sell-off. But long-term investors know that it's better to focus on where a company could be several years from now than get too caught up in short-term fluctuations in stock prices.

Archer Aviation Inc. (ACHR) closed the most recent trading day at $7.03, moving +0.14% from the previous trading session.

Archer Aviation NYSE: ACHR, a frontrunner in the development of electric vertical takeoff and landing (eVTOL) aircraft, finds itself at an intriguing juncture. While the company continues to achieve significant operational milestones on its path to commercialization, Archer Aviation's stock price has experienced a considerable pullback.

Over the last couple of years, a new pocket of the electric vehicle (EV) realm has started gaining momentum in the investment world. Known as electric vertical takeoff and landing (eVTOL) aircraft, they have sparked some excitement among technologists and EV enthusiasts.

Archer Aviation NYSE: ACHR continues its assertive push toward commercializing electric vertical takeoff and landing (eVTOL) aircraft, marking another significant milestone with a newly announced partnership. This new agreement expands Archer's innovative "Launch Edition" program into the African continent, demonstrating the global appeal of its urban air mobility solutions.

While global markets struggle with trade wars, geopolitical tensions, and stubborn inflation, savvy investors recognize sharp pullbacks as rare chances to snag high-quality companies at bargain prices. This timing is particularly opportune as the fascinating convergence of artificial intelligence (AI), autonomous transportation, and space-based intelligence is actively reshaping entire industries and unlocking extraordinary growth potential over the next 10 to 20 years.

Of the many emerging technologies on the horizon, the most exciting ones to many investors is electric vertical takeoff and landing vehicles (eVTOL).

Right off the bat, it should be noted that Archer Aviation (ACHR -7.76%) should be thought of as a risky investment that only aggressive investors will want to consider. But if the company can successfully execute one of its key 2025 initiatives, Archer could prove that its business concept has a long-term future.