Archer Aviation Investors Just Got Some Bullish News [Yahoo! Finance]
Archer Aviation Inc. Class A (ACHR)
Company Research
Source: Yahoo! Finance
Shares of the upstart air taxi stock have been in a nosedive for the better part of 2024, plummeting about 50% year to date. But that's not to say that there isn't positive news regarding the company's operations. In early September, Archer Aviation, a developer of electric vertical take-off and landing (eVTOL) aircraft, announced an auspicious development regarding its test flights -- news that investors should certainly find encouraging with regard to the company's growth prospects. Testing, testing, 1, 2, 402! In early September, Archer announced that it had completed 402 test flights so far in 2024 in pursuit of its type certification. That's a surprising development, considering the company had targeted completing 400 test flights by the end of the year, so the company is well ahead of schedule. Speaking to the company's achievement in accomplishing this feat, Adam Goldstein, Archer's CEO and founder, said, "When we first set our goal for 400 flights this year it was viewed
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News
- Archer Aviation Inc. (NYSE: ACHR) had its "overweight" rating re-affirmed by analysts at Cantor Fitzgerald. They now have a $10.00 price target on the stock.MarketBeat
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- Archer Aviation Inc. (NYSE: ACHR) had its "overweight" rating re-affirmed by analysts at Cantor Fitzgerald. They now have a $10.00 price target on the stock.MarketBeat
ACHR
Sec Filings
- 9/17/24 - Form 8-K
- 9/17/24 - Form 424B5
- 9/16/24 - Form 3
- ACHR's page on the SEC website