Archer Aviation: Strong Capital Backing and OEM Strategy Underpin Buy Rating and $10 Price Target Ahead of 2026–2028 Milestones
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Chris Pierce from Needham maintains a Buy rating on Archer Aviation with a $10 price target. His positive outlook is based on the company's strong capital backing and OEM strategy, which enhance its market position and investment payback potential. He highlights management's confidence in achieving transition flights by 2026, addressing risks in the eVTOL sector. The planned eIPP flights in 2026 are seen as crucial for validating technology ahead of the 2028 Olympics. The $10 target is based on a 10x multiple of projected 2030 adjusted EBITDA, discounted to present value.
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