Canaccord lowered the firm’s price target on Archer Aviation (ACHR) to $12 from $13 and keeps a Buy rating on the shares. The firm updated its model following Q1 results and where Management highlighted that Archer was the first eVTOL manufacturer to close Phase 3 (out of 4) in the FAA’s Type Certification (TC) process.
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Read More on ACHR:
- Archer CEO Says ACHR Stock Is a “Multi-Threat” Player as Air Taxis, Defense, and AI Shape Growth Plan
- “Another Banner Quarter for Archer,” Says CEO As ACHR Stock Rises and Archer Closes In on Air Taxi Launch
- Archer Aviation options imply 10.2% move in share price post-earnings
- Archer Aviation reports Q1 EPS (28c), consensus (24c)
- Archer Aviation sees Q2 adjusted EBITDA (200M)-(170M)