Archer Aviation Inc Class A (ACHR)

Archer Aviation's stock has experienced volatility in the past six months. As of October 2025, the stock had jumped 288% over the past year, but then shed 39% since peaking in October. In November 2025, the stock saw a "meltdown" to $6.87. On November 7, 2025, JPMorgan Chase & Co. lowered its price objective for Archer Aviation from $10.00 to $8.00 and issued a "neutral" rating. The Goldman Sachs Group initiated coverage on Archer Aviation on December 1, 2025, with a "neutral" rating and an $11.00 price objective. In January 2026, the stock fell approximately 7% due to U.S. inflation data, which dampened hopes for interest rate cuts and impacted air-taxi firms. However, on January 8, 2026, Archer's stock jumped 6.3% following the announcement of a partnership with NVIDIA at CES 2026 to integrate NVIDIA's IGX Thor AI platform into its eVTOL aircraft. Despite this, on January 13, 2026, the stock was down 4.5%. As of January 2026, Archer Aviation has a consensus rating of "Moderate Buy" from analysts, with an average price target of $12.14. The company reported an EPS of ($0.20) for the quarter ending November 6, 2025, meeting consensus estimates.

Specific demand seasonality for Archer's products and services is not yet clearly established due to the emerging nature of the eVTOL and UAM industry. However, the broader travel industry is cyclical and sensitive to factors such as consumer travel demand, seasonality, economic conditions, and geopolitical events. Demand could be influenced by seasonal patterns related to business travel, tourism, and general urban activity, similar to traditional aviation and ride-sharing services.

Archer Aviation, Inc. is an aerospace company focused on developing electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility (UAM) networks, operating in both the commercial and defense sectors. Archer Aviation designs and develops eVTOL aircraft and related technologies and services, aiming to create an electric airline for quick, safe, sustainable, and cost-effective urban transportation. The company's flagship product is the "Midnight" aircraft, a piloted, four-passenger eVTOL designed for short-distance air taxi operations, complemented by "Archer Direct," which involves aircraft sales, aerial ride-share services, and maintenance.

Archer Aviation is headquartered in San Jose, California, and operates both domestically and internationally. Domestically, Archer plans to launch urban air mobility services in Miami and Los Angeles, partnering with cities across California, Georgia, Florida, New York, and Texas. In November 2025, Archer acquired Hawthorne Airport in Los Angeles to test its AI-powered systems. Internationally, Archer has expansion initiatives and partnerships in Japan, the UAE, India, Indonesia, and South Korea.

Archer Aviation's brand reputation has been shaped by advancements and challenges. Positive events include completing the first public flight of its Midnight aircraft, forming strategic partnerships, being selected as the Official Air Taxi Provider for the LA28 Olympic Games, achieving flight test milestones, announcing a collaboration with NVIDIA, acquiring Hawthorne Airport, and strengthening its balance sheet. However, Archer has faced reputation challenges due to missing production and revenue targets, regulatory uncertainties, deferral of air taxi flights in Abu Dhabi, and its pre-revenue status with significant cash burn.

Institutional investors hold a significant portion of Archer Aviation's shares, ranging from approximately 51.47% as of November 2025 to 59.34% as of January 2026. Major institutional holders include Vanguard Group Inc., BlackRock, Inc., ARK Investment Management LLC, and State Street Corp. Stellantis N.V. holds the largest stake at 9.38%. Individual investors and insiders also hold shares, with Marc E. Lore owning about 8.70% of the company. Insiders maintained a significant position as of November 2025, but only 7.65% of the stock was held by insiders as of January 2026, and insiders sold more shares than they bought in the three months leading up to January 2026. Shareholders have experienced substantial dilution in the past year, with total shares outstanding growing by 44.6%.