Analyst Bullish on Archer Aviation Despite Post-Earnings Dip
Archer Aviation shares retreated 8% following Q3 results that highlighted mounting operating expenses and a deepening net loss. The eVTOL developer reported $174.8 million in costs, driving a $129.9 million deficit, while announcing strategic moves including a $126 million airport acquisition NEAR LAX and a $650 million capital raise.
H.C. Wainwright's Amit Dayal remains optimistic, viewing the Los Angeles infrastructure purchase as foundational for future air taxi operations. The company's war chest now exceeds $2 billion, positioning it for scaled commercialization despite current pre-revenue status.