Archer Aviation stock falls after raising $850m in direct offering
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Archer Aviation Inc. (ACHR) PT Lowered to $13 at Canaccord Genuity following eIPP
June 13, 2025 12:10 PM EDTCanaccord Genuity analyst Austin Moeller lowered the price target on Archer Aviation Inc. (NYSE: ACHR) to $13.00 (from $13.50) while maintaining a Buy rating.
The analyst commented, "Overnight, Archer Aviation (ACHR) announced an $850M private placement in preparation for the eVTOL Integration Pilot Program (eIPP) announced by the White House last week. Archers timely capital infusion reflects the importance of President Trumps EO to... More
