Archer Aviation (ACHR – Research Report), the Industrials sector company, was revisited by a Wall Street analyst today. Analyst Amit Dayal from H.C. Wainwright maintained a Buy rating on the stock and has a $12.50 price target.
Amit Dayal has given his Buy rating due to a combination of factors that highlight Archer Aviation’s strategic progress and financial positioning. The company is advancing towards commercializing its eVTOL aircraft, with plans to begin sales in 2025 through its Launch Edition program. This initiative, which runs alongside the FAA certification process, allows early customer engagement and market testing, demonstrating demand and economic viability.
Furthermore, Archer Aviation’s financial health is bolstered by a strong cash position of $1.1 billion, which is expected to cover anticipated cash usage in 2025. The partnership with Anduril Industries to develop a hybrid VTOL aircraft for defense applications also expands the company’s total addressable market, although revenue from this collaboration is not yet included in projections. Key upcoming milestones, such as aircraft deliveries and certification completion, are expected to act as catalysts for the stock, supporting the Buy rating.
Dayal covers the Industrials sector, focusing on stocks such as Ceco Environmental, Electrovaya, and Joby Aviation. According to TipRanks, Dayal has an average return of -22.7% and a 24.13% success rate on recommended stocks.