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Analysts See 56% Upside To Archer Aviation Inc. (ACHR)
Yahoo Finance· 2025-11-29 18:09
Core Insights - Archer Aviation Inc. is recognized as one of the top 10 drone stocks to buy, with a consensus Buy rating from 8 Wall Street analysts and a one-year average share price target of $11.69, indicating a potential upside of 56.07% [1][2] Group 1: Analyst Ratings and Price Targets - Canaccord Genuity analyst Austin Moeller raised the price target for Archer Aviation from $12 to $13 while maintaining a Buy rating [2] - The stock has a consensus Buy rating based on recommendations from multiple analysts [1] Group 2: Recent Developments and Partnerships - Archer Aviation announced its provision of electric powertrain technology to UAE-based EDGE Group and Anduril for the Omen Autonomous Air Vehicle during the Dubai Airshow [3] - This marks the first instance of Archer's technology being offered to a third party, which is expected to create new revenue growth opportunities [3] - The company also signed agreements with The Helicopter Company and Red Sea Global to develop eVTOL aircraft in Saudi Arabia, following previous contracts with international clients, including a deal in South Korea for eVTOL air taxis [4] Group 3: Company Overview - Archer Aviation Inc. is focused on developing innovative technologies aimed at transforming the future of aviation [5]