ACHR Stock Recent News

Archer Aviation's stock has plunged 70% since its SPAC-backed debut in 2021. It fell short of its ambitious goals for 2024.

Investors have two innovative stocks to choose from in this exciting comparison.

Archer Aviation's stock soared more than 228% last year but has plunged about 50% year to date in 2024. Archer has made significant operational progress in 2024, completing 402 test flights ahead of schedule.

Cathie Wood has been a staunch supporter of the electric vehicle (EV) movement for many years. Besides Tesla, another EV area that Wood has invested in is vertical takeoff and landing (VTOL) aircraft.

Archer Aviation stock is a "Strong Buy" at $3.8 due to its significant progress towards FAA certification and a $6 billion order book. The eVTOL industry is poised for multi-decade growth, with Archer well-positioned as an early mover to capitalize on this potential. Strong partnerships with Stellantis, United Airlines, and Southwest Airlines bolster Archer's financial stability and operational plans.

Rivian has carved out two niche markets and has a head start on the competition.  Archer Aviation is consistently making strides towards commencing commercial operations.

Archer Aviation is one of the leading companies developing electric vertical and takeoff landing aircraft (eVTOL). These vehicles, also known as flying taxis, have the potential to change urban transportation as we know it.

The prospect of air taxis seemed like science fiction a decade ago. Now, they are evolving closer to being a regulated reality with the development of electric vertical take-off and landing (eVTOL) aircraft.

Archer Aviation (ACHR) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.

“Flying cars,” or eVTOLs (electric vertical takeoff and landing vehicles), blend features of cars and helicopters.