Wall Street Analysts See a 29.72% Upside in Archer Aviation (ACHR): Can the Stock Really Move This High?

Group 1 - Archer Aviation Inc. (ACHR) closed at $8.95, with a 0.8% gain over the past four weeks, and a mean price target of $11.61 suggests a 29.7% upside potential [1] - The average of nine short-term price targets ranges from a low of $4.50 to a high of $18.00, with a standard deviation of $3.86, indicating variability in analyst estimates [2] - Analysts have shown increasing optimism regarding ACHR's earnings prospects, with a strong agreement in revising EPS estimates higher, which correlates with potential stock price movements [11][12] Group 2 - The Zacks Consensus Estimate for the current year has increased by 7.2% over the past month, with three estimates going higher and no negative revisions [12] - ACHR holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates, indicating potential upside [13] - While the consensus price target may not be a reliable indicator of the extent of gains, it does provide a directional guide for price movement [14]