Archer Aviation (ACHR) is down more than 30% in the past six months, even as the company reports steady gains in flight tests, route deals, and new work with major partners. The drop in the stock has caused a clear split between investors and Wall Street analysts. Analysts hold a Strong Buy view, yet the market keeps cutting the stock. The gap comes down to timing, risk, and how long it will take for the first real dollars to show up.
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A Slow Path to Revenue
As stated above, Archer has added new route deals in Korea, Osaka, Tokyo, the UAE, and Ethiopia. It has also hit new marks in flight distance and flight height. It holds a large cash pool as well, and it just made a deal with Anduril to bring new powertrain tech into its craft. The list of wins is long, and the pace has been steady. Yet investors want clearer signs of near-term income, and that is the part of the story that is still slow.
Currently, Archer has no revenue stream, although Adam Goldstein, Archer’s CEO, stated in a recent interview that the first small revenue will begin in early 2026. That guide gave investors a date, but it also showed that the next year would bring high costs and no meaningful revenue. As a result, the stock trades like a long-term story that will take years to unfold. Investors face cost risk with this type of stock, which can weigh on the share price during weak market periods.
In addition, Archer still needs key steps from the Federal Aviation Administration (FAA). The team has met each target so far, yet each step still adds time. When the agency took longer to process work due to the shutdown, it raised worries that more slowdowns could come. That idea has kept investors alert, since a delay in one stage can set back the full plan.
A New Sector With High Risk
The air taxi space is new, and stocks in new sectors tend to swing. Many of these stocks came to market with low revenue and high costs. Since rates have remained high, the market has been less kind to stocks that require a long time to break even. This trend has affected Archer, despite having good news on hand.
Analysts, on the other side, use long-term models that look past the slow start. They see a large market in air taxi travel, and they also see Archer gain land sites, like in the recent Hawthorne airport deal. They see strong global partners as well, and they view the cash pool as enough to get through the needed steps. This is why the rating stays high, even as the stock keeps its slide.
What Could Turn the Stock
The stock may start to rise when set points start to show. The first clear point is the next large step with the FAA. Each point that shows the craft is safe and fit to fly helps set a base for market trust. The next point is early revenue in 2026, even if the first amounts are small. A clear sign of cash in and not just cash out can help shift the tone.
There is also a sector mood. When one craft group hits a key mark, it tends to help the rest of the group. A win for a peer can lift the full space, and Archer can gain from that shift as well.
For now, the stock stays under strain due to long lead times, cost, and slow steps toward income. The plan is bold in scope, yet the market wants near-term proof. When the next clear gains show up, the stock may start to move on a firmer path.
Is Archer Aviation Stock a Good Buy?
As discussed in the piece, despite the stock’s steep decline in 2025, the Street’s analysts remain optimistic about the company’s prospects. Based on five recent ratings, Archer Aviation boasts a “Strong Buy” consensus with an average ACHR stock price target of $12.20. This implies a 64.42% upside from the current price.
