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Archer Aviation Inc. (NYSE:ACHR) is one of the best industrial stocks to buy according to Wall Street analysts. Archer Aviation Inc. (NYSE:ACHR) commands a consensus Moderate Buy rating from 6 Wall Street analysts, comprising 4 Buys and 2 Holds. The average price target on the stock is $12.17, implying 41.35% upside potential from current levels of $8.61.
On December 3, the company embarked on an ambitious plan focused on a comprehensive air taxi network across the Miami metropolitan area. The primary goal is to connect populated centers with 10 to 20-minute electric flights. The company is to offer Midnight aircraft that can carry four passengers, expected to replace hour-long commutes with electric flights.
At the start, the air taxi would link Miami, Fort Lauderdale, Boca Raton, and West Palm Beach, offering travelers an alternative transportation network. Archer has already secured strategic partnerships with key infrastructure and real estate players. For starters, Hard Rock Stadium and Apogee Golf Club are to allow the company to utilize their helipad infrastructure.
The company has inked a strategic collaboration on December 2, with Karem Aircraft that will give it access to advanced military-grade rotor and tiltrotor technologies for next-generation aircraft development.
Archer Aviation Inc. (NYSE:ACHR) designs, builds, and operates electric vertical takeoff and landing (eVTOL) aircraft, such as its Midnight model, for urban air mobility (UAM). It also provides quick, short-distance air taxi services, aiming to function like an Uber of the sky by offering app-based travel between city vertiports, partnering with airlines and ride-share companies.
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: 12 Best 52-Week High Stocks to Buy Right Now and 10 Best Cybersecurity Stocks to Buy Under $50.
Disclosure: None. This article is originally published at Insider Monkey.
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