Archer Aviation Stock (ACHR) Continues to Fly Higher on Trump’s Executive Orders

Archer Aviation (ACHR) stock rallied more than 10% yesterday, extending Friday’s gains, as investors cheered the executive orders signed by President Donald Trump to boost electric air taxis and supersonic commercial aircraft. Aside from Archer Aviation, Joby Aviation (JOBY) stock also jumped about 14% on Monday.

Through three executive orders, the Trump administration aims to speed commercial development of innovative aviation tech by relaxing regulations that have been hindering their testing and production. Also, the U.S. President aims to enable the routine use of drones beyond the visual sight of operators, thus promoting commercial drone deliveries, while reducing dependence on Chinese drone companies. Notably, a pilot program is being established to accelerate the adoption of electric vertical takeoff and landing (eVTOL) technology, thus benefiting Archer Aviation and Joby Aviation.

Recently, Archer Aviation announced that it is advancing to the next phase of its Midnight aircraft’s flight test program, after successfully completing its first piloted conventional take-off and landing (CTOL).

H.C. Wainwright Boosts Archer Aviation Stock’s Price Target

Reacting to Friday’s executive order related to eVOTL technology, H.C. Wainwright analyst Amit Dayal increased the price target for Archer Aviation stock to $18 from $12 and reiterated a Buy rating. Dayal believes that the executive order will speed up market development for eVOTLs and drones within the public safety, defense, and military verticals.

The analyst thinks that the expanding use of drones in the Russia-Ukraine war is driving national defense interest across the globe, leading to a significant rise in the inclusion of drones and eVTOLs in security infrastructure. Following the executive order, H.C. Wainwright’s long-term estimates significantly include revenue contributions from these applications.

Dayal highlighted that Archer is already working with the military and recently struck a partnership with Anduril to pursue building aircraft for these applications.

Is ACHR Stock a Buy, Sell, or Hold?

Currently, Wall Street has a Moderate Buy consensus rating on Archer Aviation stock based on four Buys and two Hold recommendations. The average ACHR stock price target of $11.83 implies about 5% upside potential.

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