Canaccord Genuity Reiterates Buy on Archer Aviation, Maintains $9 Price Target
Portfolio Pulse from richadhand@benzinga.com
Canaccord Genuity analyst Austin Moeller has reiterated a 'Buy' rating on Archer Aviation (NYSE:ACHR) and maintained a $9 price target.
July 06, 2023 | 12:09 pm
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Archer Aviation's stock rating has been reiterated as 'Buy' by Canaccord Genuity with a maintained price target of $9.
The reiteration of a 'Buy' rating by Canaccord Genuity indicates their continued confidence in Archer Aviation. The maintained price target of $9 also suggests that they believe the stock is undervalued, which could lead to increased investor interest and potentially a rise in the stock's price in the short term.
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IMPORTANCE 80
RELEVANCE 100