Archer Aviation (NYSE:ACHR) Receives Overweight Rating from Cantor Fitzgerald

Archer Aviation (NYSE:ACHR)‘s stock had its “overweight” rating reaffirmed by equities researchers at Cantor Fitzgerald in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $11.00 price objective on the stock. Cantor Fitzgerald’s target price points to a potential upside of 74.60% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. Canaccord Genuity Group lowered their price target on shares of Archer Aviation from $13.00 to $12.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. Barclays upgraded Archer Aviation to a “hold” rating in a research note on Wednesday, July 29th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Archer Aviation in a research note on Friday, July 17th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Archer Aviation has a consensus rating of “Hold” and a consensus price target of $11.50.

Archer Aviation Stock Up 12.7%

Shares of NYSE:ACHR opened at $6.30 on Tuesday. Archer Aviation has a 52-week low of $4.30 and a 52-week high of $14.62. The firm has a market capitalization of $4.79 billion, a P/E ratio of -5.73 and a beta of 3.20. The stock has a 50 day moving average price of $5.17 and a 200-day moving average price of $5.98. The company has a debt-to-equity ratio of 0.06, a quick ratio of 18.06 and a current ratio of 18.06.

Archer Aviation (NYSE:ACHR) last released its earnings results on Monday, August 10th. The company reported ($0.34) EPS for the quarter, meeting analysts’ consensus estimates of ($0.34). The firm had revenue of $5.00 million during the quarter, compared to analysts’ expectations of $1.94 million. As a group, equities research analysts anticipate that Archer Aviation will post -1.4 EPS for the current fiscal year.

Insider Transactions at Archer Aviation

In other news, CFO Priya Gupta sold 9,860 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $5.95, for a total value of $58,667.00. Following the transaction, the chief financial officer directly owned 189,050 shares in the company, valued at $1,124,847.50. This trade represents a 4.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Harsh Rungta sold 12,414 shares of Archer Aviation stock in a transaction on Monday, May 18th. The stock was sold at an average price of $5.95, for a total value of $73,863.30. Following the completion of the sale, the chief accounting officer directly owned 87,210 shares of the company’s stock, valued at $518,899.50. The trade was a 12.46% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 250,743 shares of company stock valued at $1,497,672 over the last 90 days. 5.55% of the stock is owned by corporate insiders.

Institutional Trading of Archer Aviation

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC boosted its stake in shares of Archer Aviation by 7.0% during the 4th quarter. Farther Finance Advisors LLC now owns 18,659 shares of the company’s stock worth $140,000 after acquiring an additional 1,220 shares during the last quarter. Integrated Wealth Concepts LLC raised its holdings in Archer Aviation by 11.1% during the first quarter. Integrated Wealth Concepts LLC now owns 13,770 shares of the company’s stock valued at $98,000 after acquiring an additional 1,373 shares during the period. Choreo LLC raised its holdings in Archer Aviation by 8.1% during the fourth quarter. Choreo LLC now owns 20,802 shares of the company’s stock valued at $157,000 after acquiring an additional 1,555 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of Archer Aviation by 105.3% in the second quarter. Geneos Wealth Management Inc. now owns 3,318 shares of the company’s stock valued at $36,000 after acquiring an additional 1,702 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of Archer Aviation by 5.1% in the first quarter. NewEdge Advisors LLC now owns 35,739 shares of the company’s stock valued at $254,000 after acquiring an additional 1,738 shares in the last quarter. 59.34% of the stock is owned by hedge funds and other institutional investors.

Archer Aviation News Roundup

Here are the key news stories impacting Archer Aviation this week:

• Positive Sentiment: Boeing transaction expands Archer’s business. Archer agreed to acquire Boeing’s Wisk Aero, Insitu and SkyGrid subsidiaries in an all-stock transaction. The assets add autonomous flight, air-traffic-management and unmanned-systems capabilities, while Insitu contributes a profitable defense business generating more than $200 million in annual revenue. Archer Boeing acquisition announcement
• Positive Sentiment: Strategic validation from Boeing is supporting sentiment. Boeing will receive approximately a 19.75% stake in Archer, obtain a board seat and continue collaborating on autonomous-flight technology. Investors view Boeing’s involvement as a potential source of credibility, technical resources and commercial opportunities. Reuters Boeing Archer deal
• Positive Sentiment: Revenue exceeded expectations. Second-quarter revenue was $5 million versus a consensus estimate of $1.94 million. The results and management’s broader aerospace strategy reinforce the possibility that Archer can develop revenue streams beyond air taxis. Archer second-quarter results
• Neutral Sentiment: Analyst expectations remain favorable but speculative. The reported consensus target price is approximately $11.83, implying substantial potential upside from recent trading levels. However, target prices are estimates, and Archer remains a high-beta, pre-commercial aerospace company with a negative P/E ratio. Archer analyst price target
• Negative Sentiment: Archer remains loss-making and the transaction will dilute shareholders. The company reported a quarterly loss of approximately $0.34 per share, in line with consensus, and analysts expect a full-year loss. Boeing’s nearly 20% ownership stake also means existing shareholders are giving up a significant portion of the company in exchange for the acquired assets. Integration costs, certification hurdles and the uncertain timing of commercial air-taxi operations remain key risks. Archer second-quarter earnings and Boeing deal

Archer Aviation Company Profile

Archer Aviation, Inc (NYSE: ACHR) is a California-based aerospace company developing electric vertical takeoff and landing (eVTOL) aircraft designed to serve as sustainable urban air mobility solutions. Founded in 2018 by Adam Goldstein and Brett Adcock, Archer focuses on the design, development and certification of zero-emissions air taxis aimed at reducing traffic congestion in densely populated metropolitan areas. The company’s flagship prototypes, “Maker” and “Midnight,” have been engineered to deliver quiet, efficient short-haul flights with ranges of up to 100 miles per charge.

Headquartered in Palo Alto, California, Archer operates a manufacturing facility in nearby Santa Cruz County and maintains research partnerships with automotive and energy companies, including a collaboration with Stellantis to integrate advanced battery systems.