H.C. Wainwright analyst Amit Dayal has reiterated their bullish stance on ACHR stock, giving a Buy rating today.
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Amit Dayal has given his Buy rating due to a combination of factors that highlight Archer Aviation’s strategic progress and potential for future growth. Despite the absence of revenue in the recent quarter, the company is making significant strides towards its commercialization goals set for 2026, with the completion of key milestones and advancements in manufacturing capabilities. Archer is actively working on obtaining necessary certifications, which are crucial for moving forward with production and initial monetization through deliveries to its Launch Edition customers.
Additionally, Archer’s role as the Official Air Taxi Provider for the 2028 Los Angeles Olympic Games is a substantial marketing achievement that may expedite regulatory approvals. The company’s proactive approach in entering the defense market, supported by recent acquisitions, and the development of a hybrid electric aircraft design for defense and long-range applications, further bolster its growth prospects. These strategic initiatives, alongside expected catalysts such as certification completion and initial passenger flights, underpin Dayal’s optimistic outlook on Archer’s stock.
According to TipRanks, Dayal is an analyst with an average return of -7.4% and a 33.40% success rate. Dayal covers the Industrials sector, focusing on stocks such as Joby Aviation, Vertical Aerospace, and Archer Aviation.
In another report released today, Needham also reiterated a Buy rating on the stock with a $13.00 price target.