Archer Aviation Stock (ACHR): Growth Ahead or Delays on the Runway?

Archer Aviation (ACHR) is garnering plenty of attention from investors and institutions alike. The company behind the Midnight electric aircraft has spent years sketching out the future of flying taxis. Now, halfway through 2025, the real test is whether those drawings can lift off the ground. After completing crucial milestones and with its financials looking solid, we must ask: What is next for the company, and what should investors expect in the near term?

Archer’s Next Act

The company is preparing for its first deliveries later this year, with Abu Dhabi Aviation expected to be among the first customers. Midnight is now more than a prototype, it’s a working aircraft, and Archer plans to scale up production from its new facility in Georgia. Auto giant Stellantis (STLA) is on board as a manufacturing partner, and the goal is to eventually build more than 400 units annually by 2031.

In even more encouraging news, Archer isn’t flying solo. It’s backed by strong support from the U.S. government. A $142 million deal with the Department of Defense covers six aircraft for the U.S. Air Force. The company also teamed up with Anduril to develop defense-specific versions of Midnight. Add in a new executive order from the White House aimed at boosting eVTOL and drone development, and Archer is in a prime spot to benefit from a supportive policy environment.

One of its most headline-grabbing moments came when Archer was selected as the official air taxi partner for the LA28 Olympic and Paralympic Games. While that event is still a few years away, it’s a flashy endorsement that signals confidence in Archer’s long-term vision.

_{Archer Aviation’s rising R&D and fluctuating administrative costs reflect its innovation-driven strategy and growing operations, supported by strong liquidity and partnerships ahead of its UAE launch. Source: Main Street Data}

Most Analysts on Board

Financially, the company raised $850 million through a direct stock offering priced at $10, bringing its cash balance to an estimated $1.8 billion. That money will help fund certification efforts, expand production, and cover a projected $450 million in cash usage this year. Management expects an adjusted EBITDA loss of $100 million to $120 million for Q2, indicating that the company still has a long way to go before breaking even; however, it has the funds to continue pushing forward.

Wall Street is watching very closely. Analysts from Canaccord, Cantor Fitzgerald, and HC Wainwright have all reaffirmed Buy ratings in recent weeks, with price targets ranging from $13 to $18. That’s 30%–60% upside from current levels. Still, not everyone is on board. Some investors warn that Archer’s valuation already reflects a lot of future success, especially with near-term revenue projections of just $18 million in 2025 and $42 million in 2026.

With the technical milestones mostly achieved, the spotlight now shifts to execution: delivering aircraft, securing FAA type certification by 2027, and launching real commercial routes. For a company that’s long promised to move from hype to hardware, 2025 is the year it all starts to count.

Is Archer Aviation Stock a Good Buy?

Turning to the Street’s analysts, Archer boasts a Moderate Buy rating. The average ACHR stock price target is $11.75, implying a 17.62% upside.

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