Archer Aviation (ACHR) Stock: $14 Price Target From Cantor Fitzgerald

By Amit Chowdhry ● Nov 30, 2021
  • The shares of Archer Aviation Inc (NYSE: ACHR) have received a $14 price target from Cantor Fitzgerald. These are the details.

The shares of Archer Aviation Inc (NYSE: ACHR) have received a $14 price target from Cantor Fitzgerald. And Cantor Fitzgerald analyst Andres Sheppard initiated coverage of Archer Aviation with an “Overweight” rating.

Sheppard noted that Archer is developing electric vertical takeoff and landing aircraft that will be used as an alternative ride-sharing mode of transport for passengers traveling within cities in the U.S.

Plus Sheppard pointed out that the company benefits from an innovative and disruptive business model, strong partnerships, a first-mover advantage, high barriers to entry, and an attractive valuation after the recent share price underperformance.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.