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Archer Aviation Stock Drops 14% Amid $850M Offering, Analyst Sees 30% Upside
Archer Aviation Stock Drops 14% Amid $850M Offering, Analyst Sees 30% Upside
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Archer Aviation (ACHR) shares plunged 14% following an $850 million stock offering priced at $10 per share, set to close June 2025. The capital raise aims to fund aircraft certification and growth, though dilution spooked investors.
The MOVE coincides with a new U.S. eVTOL Integration Pilot Program under Trump''s executive order, accelerating electric aircraft deployment. Canaccord Genuity maintains a Buy rating, trimming the target to $13—still implying 30% upside.
Analyst Austin Moeller framed the offering as strategic for Archer''s eIPP participation, which will back five electric aircraft projects. Market sentiment remains bifurcated: short-term dilution concerns clash with long-term air mobility potential.
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