Archer Aviation (ACHR) has seen a significant stock increase, climbing about 17% on Monday. This comes after a notable 14% rise on the previous Friday. Investor excitement swelled due to speculation about a potential partnership with Tesla Inc. (TSLA).
Speculation on Tesla Partnership
The rumors were ignited when Archer released a promotional video showcasing its Midnight electric vertical take-off and landing (eVTOL) aircraft alongside Tesla’s electric vehicle and the Optimus robot. This collaboration has led to optimism among investors that a partnership could accelerate Archer’s launch plans.
Further fueling the speculation, Tesla shared a short video on social media platform X, featuring a turbine-like object with the Tesla logo. The company hinted at a significant announcement scheduled for October 7.
Recent Performance of Archer Aviation
Over the past six months, Archer Aviation’s stock has surged approximately 74%. This growth is largely attributed to advancements in the development of their “Midnight” air taxi. Archer has secured key alliances, including a launch partnership with United Airlines (UAL) and exclusive rights as the air taxi provider for the upcoming 2028 Los Angeles Olympics.
Regulatory Progress
Archer is also making progress towards obtaining the necessary FAA type certification, a crucial step toward commercialization and revenue generation.
Stock Rating and Future Outlook
According to TipRanks, ACHR stock holds a Strong Buy consensus rating. This assessment is based on six Buy ratings and one Hold assigned in the last three months. The average price target for Archer Aviation stock stands at $13.14, indicating a potential downside risk of around 2.38%.
- Stock Increase: ACHR stock rose 17% on Monday and 14% on Friday.
- Partnership Rumors: Speculation about a collaboration with Tesla.
- Recent Growth: Stock has gained about 74% in the last six months.
- Key Partnerships: Archer partnered with United Airlines and is the exclusive provider for the 2028 Olympics.
- Regulatory Goals: Progress towards FAA certification is ongoing.
- Analyst Rating: Strong Buy with an average price target of $13.14.
