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This innovative aviation stock just hit a key target months ahead of schedule. Skyrocketing more than 228% in 2023, Archer Aviation (ACHR) gave investors a lot to be happy about last year. In 2024? Not so much. Shares of the upstart air taxi stock have been in a nosedive for the better part of 2024, plummeting about 50% year to date. But that's not to say that there isn't positive news regarding the company's operations. In early September, Archer Aviation, a developer of electric vertical take-off and land ...

The company hopes short-term investor pain will precede long-term gain. Archer Aviation (ACHR 0.15%) added some much-needed cash in August, but at the expense of existing shareholders. The news had a negative impact on the stock. Shares of Archer lost 18.5% in August, according to data provided by S&P Global Market Intelligence, as investors adjusted to a larger share count post-offering. Focused on the long trip ahead Archer is one of several companies working to commercialize electric vertical takeoff and ...

Industry Overview - The eVTOL (flying car) industry is in its early stages, with companies focusing on achieving aviation certification for commercialization [1] - The industry is projected to be worth $1 trillion by 2040 and $9 trillion by 2050, accounting for 6% of global GDP [2] - The US eVTOL market is expected to grow at a CAGR of 53% from 2024 to 2030, reaching $920.5 million by 2030 [2] Archer Aviation's Position - Archer Aviation is identified as a potential value creator in the eVTOL space, with a "Strong Buy" rating at $3.8 per share [1] - The company's stock has corrected by 41% in the last 12 months, presenting an accumulation opportunity [1] - Archer is well-positioned as an early mover in the industry, with significant potential for growth and value creation [2] Business Progress and Certification - Archer is progressing towards FAA certification, with commercialization expected in the second half of 2025 [4] - The company has achieved key milestones, including final airworthiness criteria for its Midnight flight and Part 135 Air Carrier & Operator Certificate from the FAA [4] - Archer has also received a Part 145 certificate, allowing it to perform specialized aircraft repair services [4] Order Book and Revenue Potential - Archer has an indicative order book of $6 billion for the delivery of 1,141 aircraft [6][7] - The order backlog is primarily from the US, India, UAE, and Korea, with 89.8% of orders from these regions [8] - The company plans to deliver 10 eVTOLs in 2025 and 48 in 2026, with revenue expected to remain below $500 million in 2026 [9] - By 2028, Archer targets revenue of over $3 billion with a potential operating margin of 20% [9] Strategic Partnerships - Archer is backed by strong partners, including Stellantis, which has invested $300 million and signed a $400 million contract manufacturing agreement [10] - The company has partnerships with United Airlines and Southwest Airlines for eVTOL routes and operational plans [10] - Archer will have two revenue streams: aircraft OEM (20-30% of revenue) and aerial ride-sharing (bulk of revenue) [11] Valuation and Market Potential - Archer trades at a forward price-to-book ratio of 3.48, lower than competitors Joby Aviation (3.72) and EHang (141) [12] - The company's $6 billion order book is 4.5x its current market valuation of $1.3 billion [12] - Analysts have a median 12-month price target of $9, implying a 152.8% upside from current levels [12] Future Growth and Opportunities - Archer is expected to achieve EBITDA breakeven by 2027, with significant revenue and margin growth projected beyond 2028 [9] - The company delivered its first Midnight aircraft to the US Air Force in Q2 2024, opening opportunities in defense sectors such as medical evacuation, cargo, and surveillance [14] - Archer's strong liquidity profile and partnerships are expected to drive further growth and order backlog expansion [14]

These growth stocks may have taken small steps back, but they may soon recognize large leaps forward.Rocketing nearly 18% higher since the start of the year, the S&P 500 has maintained the same trajectory it experienced through 2023.But not every stock has experienced the same upward momentum. In fact, two growth stocks, electric vehicle (EV) maker Rivian (RIVN -4.49%) and electric aircraft developer Archer Aviation (ACHR -5.57%), have declined precipitously in 2024, falling 40% and 38%, respectively. Let's ...

Archer Aviation has hit some key milestones with its Midnight aircraft. Is now the time to buy?Imagine a world where you can jump into a flying taxi and avoid the traffic gridlock below to reach your destination. Although this idea sounds like something out of science fiction, electric vertical takeoff and landing aircraft (eVTOL), also known as flying taxis, could be coming to a city near you.Flying taxis could change urban transportation as we know it, and Archer Aviation (ACHR 3.80%) is one company looki ...

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 Inc. NYSE: ACHR is a leader in developing and commercializing eVTOLs. The stock took an 8% hit on its latest (lack of) earnings report, but shares are already starting to recover.Archer Aviation operates in the aerospace sector, competing with eVTOL makers like Joby Aviation Inc. NYSE: J ...

Don’t expect “meme mania” to make a comeback soon, but there may be good reason to consider a few of the meme stocks to buy on the dip. Largely, stocks that have experienced meme-like rallies, but aren’t primarily in the meme stocks categories.Shun names like AMC Entertainment (NYSE:AMC) and GameStop (NYSE:GME). Instead, consider other hot stocks popular among retail investors. Rather than depending on another “meme wave” to surge higher, these stocks have strong rebound potential. This time, because of com ...

The price trend for Archer Aviation Inc. (ACHR) has been bearish lately and the stock has lost 8.2% over the past week. However, the formation of a hammer chart pattern in its last trading session indicates that the stock could witness a trend reversal soon, as bulls might have gained significant control over the price to help it find support.The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor t ...

Air mobility specialist Archer Aviation (NYSE:ACHR) — which specializes in developing electric vertical takeoff and landing (eVTOL) aircraft — saw its shares dip on Monday amid a slow day on Wall Street. Still, the fundamentals appear positive as Archer has ironed out a major deal with automotive giant Stellantis (NYSE:STLA). With exciting projects in the pipeline, investors are keeping close tabs on ACHR stock.Primarily, Archer is set to receive new funding from Stellantis, which includes up to approximate ...