Archer Aviation (NYSE:ACHR) Price Target Cut to $9.50 by Analysts at Canaccord Genuity Group

Archer Aviation (NYSE:ACHR) had its price target dropped by equities research analysts at Canaccord Genuity Group from $12.00 to $9.50 in a report released on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group‘s price objective suggests a potential upside of 96.48% from the stock’s current price.

A number of other equities analysts have also commented on ACHR. Barclays raised Archer Aviation from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $4.50 to $8.00 in a research note on Friday, October 9th. Cantor Fitzgerald lowered their price target on shares of Archer Aviation from $11.00 to $10.00 and set an “overweight” rating for the company in a report on Tuesday. UBS Group restated an “overweight” rating on shares of Archer Aviation in a research report on Tuesday, August 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Archer Aviation in a research note on Thursday, October 15th. Finally, Wells Fargo & Company set a $18.00 price objective on shares of Archer Aviation in a research report on Tuesday, August 11th. Six investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $10.58.

Archer Aviation Trading Up 2.7%

Shares of NYSE:ACHR traded up $0.12 during mid-day trading on Wednesday, reaching $4.83. 18,948,083 shares of the company’s stock were exchanged, compared to its average volume of 34,552,711. The company has a debt-to-equity ratio of 0.06, a quick ratio of 10.21 and a current ratio of 10.21. Archer Aviation has a twelve month low of $3.62 and a twelve month high of $9.29. The firm has a market capitalization of $3.72 billion, a price-to-earnings ratio of -3.93 and a beta of 3.59. The business’s fifty day moving average price is $4.83 and its 200-day moving average price is $5.69.

Archer Aviation (NYSE:ACHR) last released its quarterly earnings results on Monday, November 9th. The company reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.01). The company had revenue of $5.10 million during the quarter, compared to the consensus estimate of $3.57 million. Archer Aviation had a negative net margin of 7,869.17% and a negative return on equity of 44.78%. During the same quarter last year, the firm posted ($0.20) EPS. On average, research analysts predict that Archer Aviation will post -1.37 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Priya Gupta sold 10,015 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $6.41, for a total transaction of $64,196.15. Following the transaction, the chief financial officer directly owned 202,784 shares of the company’s stock, valued at $1,299,845.44. This represents a 4.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Eric Lentell sold 100,000 shares of Archer Aviation stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $6.31, for a total transaction of $631,000.00. Following the completion of the sale, the insider directly owned 85,011 shares of the company’s stock, valued at approximately $536,419.41. This trade represents a 54.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 176,657 shares of company stock worth $1,122,371. Corporate insiders own 5.55% of the company’s stock.

Institutional Trading of Archer Aviation

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ACHR. Global Retirement Partners LLC boosted its holdings in Archer Aviation by 37.1% in the third quarter. Global Retirement Partners LLC now owns 8,472 shares of the company’s stock worth $42,000 after acquiring an additional 2,292 shares in the last quarter. Wealthcare Advisory Partners LLC increased its holdings in shares of Archer Aviation by 22.9% during the second quarter. Wealthcare Advisory Partners LLC now owns 13,126 shares of the company’s stock valued at $62,000 after acquiring an additional 2,447 shares in the last quarter. Ashton Thomas Private Wealth LLC raised its position in shares of Archer Aviation by 20.1% during the third quarter. Ashton Thomas Private Wealth LLC now owns 15,688 shares of the company’s stock worth $78,000 after purchasing an additional 2,629 shares during the period. Focus Financial Network Inc. lifted its holdings in shares of Archer Aviation by 20.0% in the 2nd quarter. Focus Financial Network Inc. now owns 16,890 shares of the company’s stock worth $80,000 after purchasing an additional 2,820 shares in the last quarter. Finally, Parallel Advisors LLC lifted its holdings in shares of Archer Aviation by 59.4% in the 1st quarter. Parallel Advisors LLC now owns 8,786 shares of the company’s stock worth $45,000 after purchasing an additional 3,275 shares in the last quarter. 59.34% of the stock is owned by institutional investors.

Recent Archer Aviation Headlines

Here are a few of the latest headlines about ACHR:

• Positive Sentiment: ARK Invest, led by Cathie Wood, bought about $6.3 million of Archer shares, signaling confidence in the company’s longer-term eVTOL opportunity. Cathie Wood Just Bought $6.3 Million of Archer Aviation Stock
• Positive Sentiment: Archer received an FAA market survey certificate for its Midnight aircraft, enabling piloted operations in Los Angeles. The company says it is advancing toward passenger service targeted for 2027 and has been selected as the official air taxi operator for the 2028 Olympics. This is a milestone, but not full type certification or authorization for regular passenger service. Archer Aviation’s FAA Certificate Is a Milestone, But It Isn’t the Final One
• Neutral Sentiment: Needham, Cantor Fitzgerald and Deutsche Bank lowered their price targets but maintained Buy or Overweight ratings, reflecting continued optimism alongside execution and revenue-recognition concerns. Analysts Weigh FAA Progress and Price Target Cuts

Archer Aviation Company Profile

Archer Aviation is an aerospace company based in San Jose, California, that develops electric vertical takeoff and landing (eVTOL) aircraft and related services. Its aircraft are designed for short passenger trips, including potential air taxi routes between urban areas and nearby airports. The company’s primary aircraft is Midnight, a piloted eVTOL designed to carry four passengers and a pilot. Archer is working to bring the aircraft to commercial service, subject to regulatory approvals, and is pursuing operations in the United States and international markets.