Cantor Fitzgerald Maintains Overweight Rating for Archer Aviation: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Cantor Fitzgerald has reaffirmed its Overweight rating on Archer Aviation (NYSE:ACHR) and maintained its price target at $10.00, despite the stock currently trading at $4.77, down 3.05% over the last 24 hours. The firm's target implies a potential upside of 109.64%. Archer Aviation is focused on developing sustainable air mobility solutions, including a fully electric vertical takeoff and landing aircraft designed for urban transportation.
February 27, 2024 | 5:00 pm
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Cantor Fitzgerald maintains its Overweight rating on Archer Aviation with a price target of $10.00, indicating a significant upside from the current price of $4.77.
The reaffirmation of the Overweight rating and the maintenance of a high price target by Cantor Fitzgerald suggest a strong vote of confidence in Archer Aviation's future prospects and its focus on sustainable air mobility. Despite the current trading price being significantly lower, the analyst's target indicates a belief in substantial growth potential, likely driven by advancements in its electric aircraft technology and market positioning.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100