Reported 1 day ago
Cantor Fitzgerald has reiterated its Overweight rating for Archer Aviation Inc. (NYSE: ACHR), setting a price target of $13.00 following the company's announcement to participate in a program testing its Midnight eVTOL aircraft. This initiative aims to demonstrate the aircraft's safety, noise reduction, and scalability, with an emphasis on securing community support and showcasing financial viability through a partnership with United Airlines. Currently, Archer's stock is priced at $8.75.
Source: YAHOO