Chris Pierce, an analyst from Needham, reiterated the Buy rating on Archer Aviation. The associated price target remains the same with $10.00.
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Chris Pierce has given his Buy rating due to a combination of factors that highlight Archer Aviation’s competitive positioning and return potential. He emphasizes the company’s strong capital backing and original equipment manufacturer (OEM) strategy, which together create a defensible market position and support a quicker path to payback on invested capital. Management’s confident outlook on achieving transition flights in 2026—demonstrating full mission capability—addresses key technical and operational risks that have weighed on the broader eVTOL sector.
Pierce also views Archer’s planned early in-production prototype (eIPP) flights in 2026 as a key industry milestone that can validate the technology and business model in advance of the 2028 Los Angeles Olympics. He expects the combination of repeated successful flights and a ramp-up in manufacturing to build investor confidence over time. Based on these factors, his $10 price objective is derived from applying a 10x multiple to Archer’s projected 2030 adjusted EBITDA and discounting that valuation back to the present, supporting his Buy recommendation.