FMP
Jul 18, 2025 12:00 AM - Danny Green
Image credit: Google Images
Archer Aviation (NYSE:ACHR) is a company focused on developing electric vertical takeoff and landing (eVTOL) aircraft. These aircraft are designed to provide efficient and sustainable urban air mobility solutions. Archer competes with other companies in the eVTOL space, such as Joby Aviation, which is also working on expanding its production capabilities.
On July 17, 2025, Cantor Fitzgerald updated its rating for ACHR to "Overweight," indicating a positive outlook on the stock. At the time of this announcement, the stock was priced at $13.40. This rating suggests that Cantor Fitzgerald believes ACHR will outperform the market average. Despite this, the current action for investors is to hold the stock, as highlighted by Benzinga.
Archer Aviation's stock experienced a significant surge, climbing 10.8% during Thursday's trading session. This rise occurred amidst a broader market upswing, with the S&P 500 and Nasdaq Composite indices increasing by 0.5% and 0.7%, respectively. The positive momentum for Archer Aviation is largely attributed to the favorable market conditions for speculative tech stocks, despite the absence of any new company-specific developments.
The stock's boost is partly influenced by recent news that Joby Aviation plans to significantly expand production of its eVTOL aircraft. Additionally, Archer's valuation is benefiting from expectations of multiple interest rate cuts by the Federal Reserve this year. Currently, Archer Aviation boasts a market capitalization of approximately $8.50 billion, even though it is anticipated to generate relatively low revenue this year.
The stock for ACHR is currently priced at $13.40, reflecting an increase of approximately 10.84% with a change of $1.31. Today, the stock has fluctuated between a low of $12.13 and a high of $13.40. Over the past year, the stock has reached a high of $13.92 and a low of $2.82. The trading volume for the day is 71.31 million shares on the NYSE, indicating strong investor interest.
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