| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/10/2025 | $6.00 → $9.00 | Overweight → Neutral | Analyst |
| 11/19/2024 | $11.00 | Buy | Needham |
| 9/3/2024 | $12.50 | Buy | H.C. Wainwright |
| 6/9/2023 | $9.00 | Buy | Canaccord Genuity |
| 7/27/2022 | $8.00 | Outperform | Raymond James |
| 4/28/2022 | $7.00 | Overweight | JP Morgan |
| 4/11/2022 | $10.00 | Buy | Deutsche Bank |
| 11/30/2021 | $14.00 | Overweight | Cantor Fitzgerald |
Earlier this week Archer received the certificate of occupancy for its ~400,000 square foot aircraft manufacturing facility—referred to as ARC—in Covington, GA and held a commemorative ribbon cutting ceremony Tooling load-in is already underway ahead of the planned start of initial production beginning in early 2025, with the goal being to ramp production to a rate of two aircraft per month by the end of the year Stellantis and Archer are working to finalize an agreement pursuant to which Stellantis would work with Archer as its exclusive contract manufacturer to mass produce Archer's Midnight eVTOL aircraft at this facility, contributing capital, advanced manufacturing technology an
Anduril Industries Inc. ("Anduril") and Archer Aviation Inc. ("Archer") announced today that they have entered into an exclusive agreement to jointly develop a next-generation aircraft for defense applications. The companies' first product from this partnership is planned to be a hybrid-propulsion, vertical-take-off-and landing ("VTOL") aircraft that will target a potential program of record from the United States Department of Defense ("DOD") To help fund Archer Defense and for other general corporate purposes, Archer raised $430M in additional equity capital today, further solidifying Archer's financial position, with participation from longtime strategic partners Stellantis and Un
The partnership brings together key entities across the aviation sector in Abu Dhabi, with Archer Aviation Inc. (‘Archer') serving as the primary eVTOL aircraft manufacturer for the Emirate's planned electric air taxi operations Agreement positions Archer as the first in Abu Dhabi to establish manufacturing capabilities Abu Dhabi Investment Office (ADIO) to facilitate the safe launch of commercial eVTOL operations in Abu Dhabi as soon as possible The UAE General Civil Aviation Authority (GCAA) has been working closely with the key stakeholders—most recently through a week-long certification workshop at Archer's headquarters and flight test facility Archer Aviation Inc. (NYSE:AC
Dr. Talib Alhinai joins Archer as its UAE Lead after his tenure with the Abu Dhabi Executive Office, a supervisory body that reports to the Emirate's Executive Council under the command of the Crown Prince, His Highness Sheikh Khaled bin Mohammed bin Zayed Alhinai will continue to serve as the youngest Board Director of the UAE General Civil Aviation Authority (GCAA) and on its Audit & Risk Committee Archer will continue to build out its Abu Dhabi presence building on its previously announced strategic initiative with the Abu Dhabi Investment Office (ADIO) to bring Archer to the UAE Archer Aviation Inc. (NYSE:ACHR), a leader in electric vertical takeoff and landing (eVTOL) aircraf
Manufacturing facility set for completion in the coming weeks, focus going into 2025 is on building piloted, type-design aircraft for use in testing and early commercial deployment Nearing completion of Phase 3 of the FAA's type certification process while continuing to rapidly advance Phase 4, the final phase to secure type certification Established a consortium led by the Abu Dhabi Investment Office (ADIO) to launch commercial air taxi services in the UAE as early as Q4'25 Signed partnership with Japan Airlines and Sumitomo Corporation's joint venture, Soracle, with a planned order of up to $500M of Midnight aircraft, bringing Archer's indicative order book to $6B+* Archer Aviati
Archer Aviation Inc. (NYSE:ACHR) and Soracle Corporation (Soracle), a joint venture newly established by Japan Airlines and Sumitomo Corporation, signed agreements focused on bringing advanced air mobility (AAM) services to Japan. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241107033638/en/Japan Airlines' and Sumitomo Corporation's Joint Venture Company, Soracle, Announces Agreement Including Intended Purchase Of Up To $500M of Electric Aircraft From Archer (Photo: Business Wire) Soracle plans to launch its AAM operation in Japan using Archer's Midnight aircraft, with the goal of offering electric air taxi flights in cities wh
Archer Aviation Inc. (NYSE:ACHR) today provided commentary on the much anticipated FAA release of the final powered-lift Special Federal Aviation Regulation (SFAR) which is the key operational piece of the regulatory puzzle for Archer and the rest of the industry to be able to firm up their plans for safely commercializing eVTOL in the U.S. The SFAR comes ahead of schedule, incorporates key feedback from across the industry, and is yet another signal of the U.S. leading the way in commercializing eVTOL aircraft. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241024957446/en/Former FAA Administrator and current Archer Chief Regula
Archer Aviation Inc. (NYSE:ACHR) will report its third quarter 2024 operating update and financial results after market close on Thursday, November 7, 2024. The company will host a conference call and corresponding live webcast at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss its operating update and financial results. Webcast Information: To access the live webcast, visit the Archer investor relations website at investors.archer.com. Conference Call Information: To listen to the conference call, dial +1 404-975-4839 (domestic) or +1 833-470-1428 (international), and enter the access code 286379. A replay of the webcast will be available on the Archer investor relations we
Today Archer Aviation announced that it has completed 402 test flights so far this year, surpassing the 400 test flight goal it set for 2024 approximately four months ahead of schedule. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240903108793/en/Today Archer Aviation announced that it has completed 402 test flights so far this year, surpassing the 400 test flight goal it set for 2024 approximately four months ahead of schedule. (Photo: Business Wire) The 400 plus flights were conducted over the last eight months as the company ramps flight test operations in advance of for-credit flight testing with the FAA. Adam Goldstein,
Archer Aviation today announced the closing of the PIPE investment it previously announced as part of its Q2'24 earnings, with participation by longtime strategic investors United Airlines and Stellantis, as well as institutional investors. This additional capital gives Archer one of the strongest liquidity positions in its industry and brings Archer's aggregate funding to over $1.5B to date Archer also recently announced it reached the key terms of an agreement with Stellantis for the contribution of significant capital in the form of labor and capital expenditures to help scale Archer's Midnight manufacturing. This strategic funding arrangement is intended to give Archer the abilit
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Manufacturing facility set for completion in the coming weeks, focus going into 2025 is on building piloted, type-design aircraft for use in testing and early commercial deployment Nearing completion of Phase 3 of the FAA's type certification process while continuing to rapidly advance Phase 4, the final phase to secure type certification Established a consortium led by the Abu Dhabi Investment Office (ADIO) to launch commercial air taxi services in the UAE as early as Q4'25 Signed partnership with Japan Airlines and Sumitomo Corporation's joint venture, Soracle, with a planned order of up to $500M of Midnight aircraft, bringing Archer's indicative order book to $6B+* Archer Aviati
Archer Aviation Inc. (NYSE:ACHR) will report its third quarter 2024 operating update and financial results after market close on Thursday, November 7, 2024. The company will host a conference call and corresponding live webcast at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss its operating update and financial results. Webcast Information: To access the live webcast, visit the Archer investor relations website at investors.archer.com. Conference Call Information: To listen to the conference call, dial +1 404-975-4839 (domestic) or +1 833-470-1428 (international), and enter the access code 286379. A replay of the webcast will be available on the Archer investor relations we
Archer Announces Second Quarter 2024 Financial and Operating Results Reached agreement in principle on key terms of contract manufacturing relationship with Stellantis1. Stellantis to contribute up to ~$400M to help scale Archer's Midnight manufacturing to 650 aircraft annually through an obligation to cover manufacturing labor costs as well as certain capital expenditures at Archer's Georgia manufacturing facility through 2030. This is in addition to Stellantis' investment in today's equity capital raise, which is incremental to their $55M equity investment in Archer last month. Secured $230M in additional equity capital since the end of Q2. This new equity capital comes from strateg
Archer Aviation Inc. (NYSE:ACHR) will report its second quarter 2024 operating update and financial results after market close on Thursday, August 8, 2024. The company will host a conference call and corresponding live webcast at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss its operating update and financial results. Webcast Information: To access the live webcast, visit the Archer investor relations website at investors.archer.com. Conference Call Information: To listen to the conference call, dial +1 404-975-4839 (domestic) or +1 833-470-1428 (international), and enter the access code 013488. A replay of the webcast will be available on the Archer investor relations
Midnight's Flight Test Campaign Accelerates – Closing In On Transition Milestone. In Q1, Archer flew 100+ flights, keeping us on track to exceed our goal of 400 flights this year. Midnight is closing in on its transition milestone, meaning it would take off vertically, accelerate until it transitions from thrust-born to wing-borne flight and then land again vertically. From there, we intend to fly the aircraft as much as 10-15 times per day getting closer to our commercial mission tempo. Midnight's Key Systems Pass Rigorous Testing Ahead of "For Credit" Testing. This is a part of Midnight's safety of flight readiness for its upcoming piloted flight tests later this year and in support o
Archer Aviation Inc. (NYSE:ACHR) will report its first quarter 2024 operating update and financial results after market close on Thursday, May 9, 2024. The company will host a conference call and corresponding live webcast at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss its operating update and financial results. Webcast Information: To access the live webcast, visit the Archer investor relations website at investors.archer.com. Conference Call Information: To listen to the conference call, dial +1 404-975-4839 (domestic) or +1 833-470-1428 (international), and enter the access code 781391. A replay of the webcast will be available on the Archer investor relations webs
Approximately 80% of Archer's Midnight aircraft's subsystems and components are sourced from leading aerospace suppliers with certification heritage giving it a significantly de-risked path to certification Construction of three conforming Midnight aircraft underway as flight test program makes rapid progress and Archer expects to complete 400 test flights in 2024 On track to complete build out of volume manufacturing facility alongside Stellantis in Georgia later this year Strong liquidity position of ~$625M at end of Q4 2023 with cash balances increasing QoQ Archer Aviation Inc. ("Archer" or the "Company") (NYSE:ACHR) today announced operating and financial results for the fo
Archer Aviation Inc. (NYSE:ACHR) will report its fourth quarter and full year 2023 operating update and financial results after market close on Monday, February 26, 2024. The company will host a conference call and corresponding live webcast at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss its operating update and financial results. Webcast Information: To access the live webcast, visit the Archer investor relations website at investors.archer.com. Conference Call Information: To listen to the conference call, dial +1 404-975-4839 (domestic) or +1 833-470-1428 (international), and enter the access code 725920. A replay of the webcast will be available on the Archer inve
Rapidly Advanced Commercialization Strategy and Enhanced Already Strong Financial Position As Midnight Takes Flight Archer Aviation Inc. ("Archer" or the "Company") (NYSE:ACHR) today announced operating and financial results for the third quarter ended September 30, 2023. Archer will be conducting its earnings conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) today. You can access a live webcast on our investor relations website at investors.archer.com or the conference call by dialing 833-470-1428 (domestic) or +1 929-526-1599 (international) and entering the access code 629739. A replay of the webcast will be available on the Archer investor relations website. In ad
Archer Aviation Inc. (NYSE:ACHR) will report its third quarter 2023 operating update and financial results after market close on Thursday, November 9, 2023. The company will host a conference call and corresponding live webcast at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss its operating update and financial results. Webcast Information: To access the live webcast, visit the Archer investor relations website at investors.archer.com. Conference Call Information: To listen to the conference call, dial 833-470-1428 (domestic) or +1 929-526-1599 (international), and enter the access code 629739. A replay of the webcast will be available on the Archer investor relations
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Archer and Signature recently signed a memorandum of understanding (MOU) identifying initial day one opportunities for launching air taxi services including in key United Airlines hubs at Newark International (EWR) and Chicago O'Hare (ORD) Airports, as early as the end of 2025. The MOU anticipates that the parties will electrify Signature's industry-leading network of private aviation terminals, giving Archer access to takeoff and landing sites in major metropolitan areas across the U.S. and globally, including New York, Los Angeles, San Francisco Bay Area, and Texas. Archer and Signature plan to install BETA's UL-Certified CCS rapid charging systems endorsed by General Aviation Manu
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Oct. 03, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Archer Aviation, Inc. ("Archer" or the "Company") (NYSE:ACHR) investors that a lawsuit filed on behalf of investors that purchased Archer securities between September 17, 2021 and August 15, 2023, inclusive (the "Class Period"). Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options
Dr. Michael Romanowski Will Align Archer's Objectives with Emerging Policy and Regulations Archer Aviation Inc. (NYSE:ACHR), a leader in electric vertical takeoff and landing (eVTOL) aircraft, today announced the appointment of Dr. Michael Romanowski as Head of Government Relations. In his role, Romanowski will collaborate with regulatory authorities and industry to form a forward-leaning position on policy, process and global certification expectations. "My career has been dedicated to improving safety. The safe advancement and implementation of emerging aerospace technologies is one of the best ways to continue to improve safety and bring lasting benefits to the American public," said D
Anderson brings over two decades of experience in commercial aviation to the leadership role as Archer prepares to build out its airline operations Anderson will lead Archer's commercial and operational efforts as the company moves toward launching one of the world's first urban air mobility (UAM) ecosystems. Anderson joins Archer's senior leadership team after three years at Breeze Airways, where he served as Chief Operating Officer, and having served as part of the team that launched JetBlue. He also held roles at Azul, Virgin America, Boeing and Airbus. Archer Aviation Inc. (NYSE:ACHR) today announced the appointment of Tom Anderson as Chief Operating Officer, Urban Air Mobility. I
Archer Aviation Inc. (NYSE:ACHR) today announced that Adam Goldstein has been named sole CEO, as the company prepares for its next phase of growth in the fast-developing urban air mobility market. Brett Adcock, Archer's co-founder and former co-CEO, will remain on the Company's Board of Directors. The Company took this step, which it believes will help simplify its operating structure, to drive its flight testing and certification program on its path to commercialization. As one of the most well-capitalized eVTOL companies with a team of world-class engineering and design talent, Archer is strategically positioned to bring urban air mobility to market. "I want to thank the Board for giving
With over two decades of experience in the hardware, sustainability and aerospace sectors, Mark will focus on ensuring Archer's finance infrastructure robustly supports the company's progress towards its goal of launching manufacturing operations in 2023 and achieving FAA Type Certification in 2024 After 11.5 years at Bloom Energy and 25 years in corporate finance, Mark brings a unique understanding of how to build and maintain finance organizations in innovative sustainability companies with high-growth trajectories As Archer matures its financial and investor relations functions following its debut on the NYSE in 2021, Mark will bring his experience gained through helming finance org
Analyst downgraded Archer Aviation from Overweight to Neutral and set a new price target of $9.00 from $6.00 previously
Needham initiated coverage of Archer Aviation with a rating of Buy and set a new price target of $11.00
H.C. Wainwright initiated coverage of Archer Aviation with a rating of Buy and set a new price target of $12.50
Canaccord Genuity initiated coverage of Archer Aviation with a rating of Buy and set a new price target of $9.00
Raymond James initiated coverage of Archer Aviation with a rating of Outperform and set a new price target of $8.00
JP Morgan initiated coverage of Archer Aviation with a rating of Overweight and set a new price target of $7.00
Deutsche Bank initiated coverage of Archer Aviation with a rating of Buy and set a new price target of $10.00
Cantor Fitzgerald initiated coverage of Archer Aviation with a rating of Overweight and set a new price target of $14.00