Cantor Fitzgerald Reiterates Overweight Rating on Archer Aviation Inc. (ACHR)

Cantor Fitzgerald analyst Andres Sheppard reiterated an Overweight rating and $13.00 price target on Archer Aviation Inc. (NYSE: ACHR).

The analyst commented, “Archer Partners with Ethiopian Airlines. On 3/27, ACHR signed an agreement with Ethiopian Airlines to deploy its "Launch Edition" program Midnight eVTOL, with a contract value of $30M. Additionally, ACHR will provide a team of pilots, technicians, and engineers, and backend software infrastructure and front-end booking applications to bring electric air taxi network to the region.”

For an analyst ratings summary and ratings history on Archer Aviation Inc. click here. For more ratings news on Archer Aviation Inc. click here.

Shares of Archer Aviation Inc. closed at $7.26 yesterday.

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