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0 0.000575184880854533 -0.000821692686935215 -0.0254724732949877 -0.0139687756778965 -0.0269186524239934 -0.0217255546425637 0.00575184880854548
Stock impact report

Why Archer Aviation Rallied This Week [Yahoo! Finance]

Archer Aviation Inc. Class A (ACHR) 
Company Research Source: Yahoo! Finance
Archer is an electric vertical takeoff and landing (eVTOL) taxi company that is pre-revenue, and was a darling of the pandemic bubble. Shares have seen been severely beaten-down, and were recently down about 80% below their highs reached shortly after their public debut in September 2021, when Archer went public via a special purpose acquisition company (SPAC) Are You Missing The Morning Scoop? Breakfast News delivers it all in a quick, Foolish, and free daily newsletter. Sign Up For Free » However, Archer and rival Joby Aviation rallied hard this week after an analyst painted a rosy picture for these two eVTOL stocks. On Tuesday, Needham & Co. analyst Chris Pierce launched coverage on both Archer and Joby, giving both buy ratings, with Pierce giving Joby 30% upside and Archer 100% upside. Needless to say, that big potential upside is what propelled Archer so much higher this week off depressed levels. Pierce's reasoning is that U.S. regulators at the Federal Aviation Adminis Show less Read more
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