ACHR — Archer Aviation Inc. Class A Common Stock
Session close: $4.86. Regular-session share volume: 23,919,879. Change from previous close: +3.18%.
Key developments
Archer Aviation drew continued analyst support after mixed quarterly results: revenue beat estimates while the loss was wider than expected. Cantor Fitzgerald called the planned Boeing Wisk, Insitu and SkyGrid acquisition transformational and expects it to close earlier than previously targeted, while Needham and Deutsche Bank maintained Buy ratings with lower price targets, and CCORF reaffirmed Buy with a reduced target.
Company news Archer Aviation's Wisk Acquisition Seen as Transformational by Analyst · Company news Needham Maintains Buy Rating on Archer Aviation, Lowers Price Target to $7 · Company news Deutsche Bank Adjusts Archer Aviation Price Target to $10 From $12 · Company news CCORF Maintains Buy Rating on Archer Aviation, Adjusts Price Target
The wider-than-expected quarterly loss and continued cash burn were the central concerns, with analysts trimming near-term estimates on slower technical progress with the FAA and higher expected cash requirements.
Company news Archer Aviation (ACHR) Stock Price Faces Q3 Results Cash Burn Question · Company news Archer Aviation's Wisk Acquisition Seen as Transformational by Analyst
News sources
Company news Canaccord Genuity Maintains Buy on Archer Aviation, Lowers Price Target to $9.5 · Company news CCORF Maintains Buy Rating on Archer Aviation, Adjusts Price Target · Company news Cathie Wood Just Bought $6.3 Million of Archer Aviation Stock · Company news Archer Aviation (ACHR) Stock Price Faces Q3 Results Cash Burn Question · Company news Archer Aviation's Wisk Acquisition Seen as Transformational by Analyst · Company news Needham Maintains Buy Rating on Archer Aviation, Lowers Price Target to $7 · Company news Deutsche Bank Adjusts Archer Aviation Price Target to $10 From $12 · Company news Archer Aviation stock sinks despite major FAA breakthrough · Company news Archer Aviation (ACHR) Wins FAA Clearance In Los Angeles Ahead Of 2028 Olympics