H.C. Wainwright analyst Amit Dayal has reiterated a Buy rating on Archer Aviation (ACHR), maintaining a price target of $18 and an 80% upside potential. The update follows Archer’s recent test flight of its Midnight eVTOL aircraft at Al Bateen Executive Airport in Abu Dhabi.
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According to the firm, the successful test strengthens confidence in Archer’s progress toward commercial readiness. The flight was conducted in extreme desert conditions, including high heat, humidity, and dust, and is viewed as a key demonstration of the aircraft’s design resilience and operational capabilities.
A Flight Exhibition
Wainwright noted that the test flight’s visibility also mattered. It was attended by representatives from UAE aviation regulators, investors, and regional partners. That presence signals growing institutional support for Archer’s platform in the Middle East and reflects confidence in the technology’s readiness.
The Smart and Autonomous Systems Council of Abu Dhabi backed the flight. Wainwright believes this indicates alignment with local infrastructure development, which is critical for launching advanced air mobility services. The firm expects Archer to use data from the test to support its certification and commercialization plans in the UAE and other international markets.
A Sound Business Model
Beyond the test, Wainwright remains positive on Archer’s business model. The company aims to generate revenue through both the sale of aircraft and direct urban air mobility services. Archer plans to significantly scale production in the years ahead, with expectations of manufacturing over 400 aircraft annually by 2031.
Financially, Archer projects revenue to reach approximately $1 billion by 2028. Gross margin expectations also remain solid. While Wainwright acknowledges potential risks related to regulatory hurdles and market adoption, the firm sees Archer’s strategic positioning and execution as supportive of long-term upside.
Is Archer Aviation Stock a Good Buy?
Shares of Archer Aviation were recently trading near $10, suggesting meaningful room for appreciation relative to Wainwright’s $18 price target. Having said that, Archer scores a Moderate Buy rating based on the opinions of 6 analysts. The average ACHR stock price target is $11.75, implying a 17.74% upside.
