Why Archer Aviation Rallied This Week

One analyst is bullish on the eVTOL market later this decade. Shares of electric flying taxi company Archer Aviation (ACHR 5.71%) rallied a whopping 40.6% this week through Thursday trading, according to data from S&P Global Market Intelligence. Archer is an electric vertical takeoff and landing (eVTOL) taxi company that is pre-revenue, and was a darling of the pandemic bubble. Shares have seen been severely beaten-down, and were recently down about 80% below their highs reached shortly after their public d ...