Investor Sees Opportunity in Archer Aviation After 33% Stock Decline
Archer Aviation (ACHR) is attracting renewed investor interest following a 33% price drop since October, with one analyst calling the mid-$7 range an attractive entry point. The eVTOL developer's recent partnerships in the UAE and Asia are fueling Optimism about its Midnight aircraft program.
Regulatory progress in the UAE could serve as a key catalyst, with test flights already underway in Abu Dhabi. The company's hybrid business model combining aircraft sales, ride services, and maintenance shows potential - 50 aircraft sales in the region alone could generate $250 million in revenue.