ACHR Stock Recent News
ACHR LATEST HEADLINES
Archer Aviation received more investment from Stellantis and forged a partnership with Southwest Airlines. The company received state support for its manufacturing expansion in California.
JPMorgan's lead analyst on Archer Aviation recently reiterated a bullish rating on the stock. The analyst thinks the stock could climb 50% higher over the next year.
Many growth stocks got hit hard this week due to a shaky earnings season and new economic indicators. New labor data has raised concerns about the risk of recession.
Archer Aviation (NYSE: ACHR), a leader in eVTOL aircraft development, has announced progress on its high-volume manufacturing facility in Covington, GA, reaffirming an expected 2024 completion date. The 400,000-square-foot facility will enable the production of up to 650 Midnight aircraft annually, making it one of the aviation industry's largest by volume.
In the closing of the recent trading day, Archer Aviation Inc. (ACHR) stood at $4.17, denoting a -1.42% change from the preceding trading day.
Is it better to invest in something that's already on the front page of the news, or something with front-page potential? If you want to own a piece of a hidden gem, I invite you to consider Archer Aviation (NYSE: ACHR ).
Archer Aviation plans on launching its air taxi service in 2025. Shares of Archer fell 43% through the first half of 2024.
Electric vertical take-off and landing aircraft have been outside Wall Street's radar after artificial intelligence stole the show. Archer Aviation appears to have potential in this long-term opportunity; however, investors should remain cautious.
Even with a small exposure, speculative stocks can greatly impact the portfolio. With the markets anticipating rate cuts, higher trading and speculative activity is likely.
Archer Aviation (NYSE: ACHR ) stock is in the news Wednesday as JPMorgan increases its price target for the electric vertical takeoff and landing (eVTOL) company's shares. This has analysts at JPMorgan increasing the firm's price target for ACHR stock from $5 per share to $6 per share.