In a report released today, Josh Sullivan from Benchmark Co. maintained a Buy rating on Archer Aviation (ACHR – Research Report). The company’s shares closed yesterday at $6.26.
According to TipRanks, Sullivan is a 5-star analyst with an average return of 7.4% and a 59.13% success rate. Sullivan covers the Industrials sector, focusing on stocks such as VSE, Archer Aviation, and Carpenter Technology.
Archer Aviation has an analyst consensus of Strong Buy, with a price target consensus of $8.75, representing a 39.78% upside. In a report released on November 10, Canaccord Genuity also maintained a Buy rating on the stock with a $9.00 price target.
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ACHR market cap is currently $1.88B and has a P/E ratio of -3.53.
Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ACHR in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Archer Aviation (ACHR) Company Description:
Atlas Crest Investment Corp is a blank check company.
Read More on ACHR:
- Honeywell secures contracts over $10B
- Archer Aviation options imply 13.6% move in share price post-earnings
- Archer, InterGlobe enter MOU to launch all-electric air taxi service in India
- Largest borrow rate increases among liquid names
- Hindenburg says EHang has ‘major credibility issue,’ last in line for takeoff
