Archer Aviation Inc. (ACHR) PT Raised to $14 at Canaccord Genuity

Canaccord Genuity analyst Austin Moeller raised the price target on Archer Aviation Inc. (NYSE: ACHR) to $14.00 (from $11.00) while maintaining a Buy rating.

The analyst commented: "In our view, Archer Aviation is in a prime position to advance its aircraft certification process in 2025, buoyed by “animal spirits” tailwinds for AAM stocks due to the Trump administration’s supportive stance on the eVTOL sector. 2025 offers multiple potential catalysts that we believe will ultimately drive positive investor sentiment in ACHR shares, including meaningful certification progress with the FAA, regular manned flight tests and implementation of favorable policy towards the development of AAM networks in cities under the new administration. Archer management also plans to execute on plans to ramp the build rate to two aircraft per month by EOY 2025 at the Georgia plant. Archer’s record cash balance of ~$932M positions the company to advance production and certification progress despite a challenging funding environment, giving investors reason to stay optimistic on the story."

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