Analysts See 56% Upside To Archer Aviation Inc. (ACHR)

Archer Aviation Inc. (NYSE:ACHR) is among the 10 Best Drone Stocks to Buy Right Now. As of the close of business on November 26, the stock has a consensus Buy rating based on 8 Wall Street analyst recommendations. Archer Aviation Inc. (NYSE:ACHR) has a one-year average share price target of $11.69, representing an upside potential of 56.07%.

On November 21, Canaccord Genuity analyst Austin Moeller raised his price target on the stock to $13 from $12, while maintaining a Buy rating.

Canaccord’s update follows the company’s announcement on the sidelines of the recent Dubai Airshow (November 15-19) to provide electric powertrain technology to UAE-based EDGE Group and Anduril for the Omen Autonomous Air Vehicle.

This is the first time this technology, used on Archer’s Midnight electric vertical take-off and landing (eVTOL) aircraft, is being provided to a third party, which Moeller believes will unlock a new window of revenue growth for the company ahead.

During the four-day event, the American aerospace innovator also signed an agreement with The Helicopter Company and Red Sea Global to build, test, and deploy the eVTOL aircraft in Saudi Arabia.

These deals follow several recent contracts secured by Archer Aviation Inc. (NYSE:ACHR) with international clients, including one in October with South Korea for eVTOL air taxis.

Archer Aviation Inc. (NYSE:ACHR) is an aerospace company engaged in the development of innovative technologies to power the future of aviation.

While we acknowledge the potential of ACHR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 8 Best Small-Cap Defense Stocks to Buy Right Now and 13 Most Undervalued Stocks Under $20.

Disclosure: None.