Here's Why Josh Brown Continues to Like Archer Aviation (ACHR)

We recently published Top 10 Trending Stock Ratings and Calls as Tom Lee Says Latest Selloff is a Buying Opportunity. Archer Aviation Inc (NYSE:ACHR) is one of the top trending stock ratings and calls.

Josh Brown from CNBC said in a program earlier this month that he was bullish on Archer Aviation. Here is what the analyst said:

“Archer Aviation Inc (NYSE:ACHR) was just named a Conviction Long for Q4 at Deutsch. Stocks like Joby and Planet Labs, which we discussed on Tuesday, are all having an unbelievable week.”

Brown has been bullish on Archer and Joby for months now. Back in June, he explained why he’s bullish on these companies in detail. Here is what he said at the time:

“They are working on something that I think has massive potential over the next 10 or 15 years. There’s something called the low-altitude economy. Donald Trump just signed something that removes a lot of the red tape for testing these technologies out. Effectively, it’s a combination of an airplane and a helicopter. They want to do what’s called vertical takeoff and landing, VTOL, as opposed to conventional takeoff and landing, which is with a runway. If they can get certifications, which is the next catalyst over the next six months to a year, I think there will be a revenue model. In the case of Archer, they’ve got a prototype called Midnight — you can look on YouTube. They just managed to do a conventional takeoff and landing that works successfully for the Midnight vehicle. That one is not looking to launch a taxi service but is looking to actually sell these. I think the most obvious use case is highway traffic accidents, getting people lifted up and to a hospital immediately.”

While we acknowledge the potential of ACHR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.