Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Archer Aviation (ACHR – Research Report) and SoFi Technologies (SOFI – Research Report).
Archer Aviation (ACHR)
In a report released today, Austin Moeller from Canaccord Genuity maintained a Buy rating on Archer Aviation, with a price target of $9.00. The company’s shares closed last Wednesday at $4.85, close to its 52-week high of $4.98.
According to TipRanks.com, Moeller ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of
Archer Aviation has an analyst consensus of Strong Buy, with a price target consensus of $8.50.
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SoFi Technologies (SOFI)
In a report released today, Kevin Barker from Piper Sandler maintained a Hold rating on SoFi Technologies, with a price target of $8.00. The company’s shares closed last Wednesday at $8.38.
According to TipRanks.com, Barker is a 5-star analyst with an average return of
SoFi Technologies has an analyst consensus of Moderate Buy, with a price target consensus of $8.51, implying a 0.2% upside from current levels. In a report issued on June 29, J.P. Morgan also maintained a Hold rating on the stock with a $6.00 price target.
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Read More on ACHR:
- Archer Aviation rises 6.4%
- JOBY Leads eVTOL Stocks Higher
- Stellantis reports 10.6% stake in Archer Aviation
- ‘The Air Taxi Sector Could Be Worth $58 Billion by 2033′: Canaccord Suggests One Stock to Invest in It With 140% Upside Potential
- Archer Aviation shareholder Adcock sells $7M in company shares
