Cantor Fitzgerald analyst Andres Sheppard reiterated a Buy rating on Archer Aviation (ACHR – Research Report) today and set a price target of $10.00. The company’s shares closed yesterday at $4.92.
According to TipRanks, Sheppard is an analyst with an average return of -33.0% and a 18.97% success rate. Sheppard covers the Consumer Cyclical sector, focusing on stocks such as Lucid Group, VinFast Auto, and REE Automotive.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Archer Aviation with a $10.33 average price target, implying a 109.96% upside from current levels. In a report released today, Benchmark Co. also maintained a Buy rating on the stock with a $12.00 price target.
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The company has a one-year high of $7.49 and a one-year low of $1.77. Currently, Archer Aviation has an average volume of 4.69M.
Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ACHR in relation to earlier this year.
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Archer Aviation (ACHR) Company Description:
Atlas Crest Investment Corp is a blank check company.
Read More on ACHR:
- ACHR Earnings: Archer’s Losses Widen in Q4, Shares Slide
- ACHR Upcoming Earnings Report: What to Expect?
- Cathie Wood’s ARK Investment bought 243K shares of Archer Aviation today
- Archer Aviation (NYSE:ACHR) Gains as Cathie Wood Buys Shares
- Cathie Wood’s ARK Investment bought 813K shares of Archer Aviation today
