Archer Aviation (ACHR) tops the headlines on September 22, when an Evtol protester arrived in the middle of the night to a new record at a high altitude. During a test from Salinas, California, the plane rose to 7000 feet, and its highest height so far, and it fled about 45 miles more than 120 miles per hour. This teacher emphasizes the powerful performance envelope in the middle of the night (although taxi operations in typical urban areas target 1500 to 4000 feet). Adam Goldstein’s CEO praised the achievement as “Artcher’s performance capabilities while maintaining the highest safety standards.”
The news sent Achr shares sharply in late September. But is this technical hack enough to make Achr shares buy? Let’s dive deep and discover.
Its value is about $ 6 billion by the maximum market, and is the company Archer Aviation, which is a company in urban areas specialized in the takeoff and electric vertical landing plane (EVTOL). Its mission is to revolutionize transportation by providing sustainable and safe air taxi services and reasonable prices. The company is actively working on obtaining a certificate for its EvTol aircraft to facilitate air taxi operations in the major global cities, while planning preliminary commercial operations for Abu Dhabi in the United Arab Emirates.
Artcher’s shares were volatile this year. After a strong gathering in early 2025, backed by prominent landmarks such as signing as the official taxi provider at the La 2028 Olympics and progress in its Emirati program, the shares amounted to 52 weeks near $ 13.92 in the spring. As of late September, ACHR was traded about 9 dollars, a decrease of about 30 % of the high, which reflects some profits and pressure of the broader market. However, the year to the date (YTD), the arrow decreased by approximately 4 %.
Achr rating significantly high, with EV/sales at 3,066 compared to the average sector 2, which reflects a very expensive stock. Likewise, its price/sales is very high at 4,225, indicating an expensive investment compared to its peers.
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Archer Aviation pushed EvTol in the middle of the night forward with many achievements. Recently, the initial model in the middle of the night has risen to 7000 feet, which represents the highest rise in the flight of the design and the expansion of the flying envelope in the crowded urban airspace.
Production is also limited, and Archer is now building six aircraft in the middle of the night at one time, with three in the final assembly via Silicon Valley and Georgia facilities, which speeds up the company towards commercial readiness. The company obtained high -level partnerships and government support; Artcher became the official air taxi provider at the La28 Olympic Games and benefited from an executive order in June 2025 in June, when it was created an EVTOL experimental program that reduces the publication of the city.
At the international level, Artcher handed over the first midnight to the United Arab Emirates and began testing aviation in Abu Dhabi, while facing preliminary commercial payments while completing the prominent landmarks. Finally, Archer expanded the defense by obtaining the technology of OverAir’s tilt and compound industrial assets to strengthen the defense program pipeline.
Artcher is still the development phase company with no revenue for the product yet. In the second quarter of 2025, the company reached a net loss of GAAP of $ 206.0 million ($ 0.36 per share), wide from the previous quarter and $ 106.9 million in the previous year, as Arctcher pour money in research and development. The total operating expenses (R&D G & A) represents about $ 176.1 million, and the modified Ebitda lost $ 118.7 million.
Meanwhile, Artcher reinforced its public budget with cash and rewards that rose to $ 1.724 billion (an increase of $ 834.5 million at the end of 2024) after the last financing, giving the company a pioneering runway in the sector and only modest debts.
On the basis of each share, net cash exceeds about $ 3/shares, which means that the value of the institution is less than the maximum market for approximately $ 6 billion. The administration expects the modified EBITDA losses in the third quarter of about 110-130 million dollars.
No revenue has been recognized in the second quarter, but Artcher says it may start to book human payments from Abu Dhabi Launch and the explanatory show agreements in the early United States later this year. In general, the losses remain large, but the temporary cash store buys time to issue certificates and early sales.
Wall Street remains optimistic with caution on Archer. BARCART shows a “moderate purchase” consensus: five out of 10 analysts rating “strong purchase”, and two of the average as “moderate purchase”, and three as “suspension”, with an average target for 12 months approximately $ 12.40, which implicitly 33 % of the current levels. Individual goals extend about $ 10 to $ 18, which reflects wide views on timing and implementation.
JP Morgan remains a “neutral” with the goal of $ 10, praising the progress in the FAA certificate, but it indicates the risks of organizational time and the defiance of the approvals of scaling.
Needham maintains a “purchase” with a $ 13 call, citing aviation tests in the United Arab Emirates and attractions of landmarks that can produce the first revenues by the end of the year or early 2026.
Moreover, the HC Wainwright (Amit Dayal) is still bullied with a $ 18 goal, indicating zero revenues and expansion of losses, but the administration largely exports prominent goals towards marketing in 2026.
Analysts agree that Archer offers a strong technical implementation and partnership, however, they stress that the company must expand the scope of production and reach the time tables to issue certificates to justify higher assessments. The spread of goals in the price picks up this barter: the large bullish trend if the prominent landmarks are on time, and great risks if they slip.
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On the date of publication, Nauman Khan did not have positions (either directly or indirectly) in any of the securities mentioned in this article. All information and data in this article are only for media purposes. This article was originally published on Barchart.com
