Why Archer Aviation Stock Sank and Then Skyrocketed This Week

Core Viewpoint - Archer Aviation's stock experienced volatility but ended the week with a modest gain, closing up 1.3% despite earlier losses of 13.4% [1][2][3] Stock Performance - The stock faced early losses due to a broader pullback in speculative stocks but rebounded significantly on Friday following positive announcements and analyst coverage [2][3] - Shares surged by 17% on Friday, allowing the stock to close the week positively [5] Company Developments - CEO Adam Goldstein announced expectations for the first commercial flights in 2025, although regulatory approval is still pending [4] - Archer Aviation is entering the defense industry through a partnership with Anduril, securing $430 million in funding for flying EVs aimed at the U.S. Department of Defense [5] Analyst Coverage - Deutsche Bank maintained a buy rating and raised its one-year price target from $11 to $15, indicating a potential upside of 79% [6] - Canaccord also maintained a buy rating, increasing its price target from $8.50 to $11, suggesting a 31% upside [7] Market Capitalization - Archer Aviation's market capitalization is approximately $3.1 billion, with expectations for revenue generation starting in 2025 [8]