Archer Aviation's Defense Push, Piloted Flight To Boost Stock: Analysts

Archer Aviation Inc. ACHR shares are surging on Tuesday following the company’s better-than-expected first-quarter results, which were reported on Monday.The company reported a loss of 17 cents per share, beating analyst estimates of 28 cents loss per share.Needham analyst Chris Pierce reiterated a Buy rating and maintained a price forecast of $13 post Q1 results.The analyst notes that the company is making steady progress across several areas. A piloted flight is expected soon, and preparations for its fir ...