Cantor Fitzgerald Reaffirms Bullish Stance on Archer Aviation with 30% Upside Target
Cantor Fitzgerald analyst Andres Sheppard maintains an Overweight rating on Archer Aviation (ACHR), projecting a $13 price target that suggests nearly 30% upside potential. The endorsement underscores Archer's strategic alliances with Anduril, the U.S. Department of Defense, Stellantis, and United Airlines as pivotal growth drivers.
The company's $142 million Agility Prime contract with the U.S. Air Force and its newly formed defense division signal credible traction in military aviation. Partnerships are expected to enhance manufacturing scalability and commercial route access, positioning Archer as a leader in hybrid-propulsion VTOL technology.