H.C. Wainwright analyst Amit Dayal reiterated a Buy rating on Archer Aviation today and set a price target of $18.00.
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Amit Dayal has given his Buy rating due to a combination of factors that highlight Archer Aviation’s strategic advancements and financial positioning. The company has made significant moves such as acquiring Hawthorne Airport in Los Angeles, which not only supports its commitments to the Olympics but also strengthens its presence in a key U.S. market for eVTOLs. This acquisition, along with the $650M capital raise, enhances the company’s ability to continue its aircraft development and commercialization efforts without overburdening its balance sheet.
Furthermore, Archer Aviation’s management has indicated progress in its regulatory milestones, with the Type Inspection Authorization campaign with the FAA potentially beginning soon. This, coupled with anticipated revenue streams from airport operations and launch partners by early 2026, positions the company favorably for future growth. The strategic initiatives in the U.S., Middle East, and Asia, along with the expected ramp-up in aircraft manufacturing, are likely to capture investor interest as the company moves towards commercialization.