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ACHR - Archer Aviation: Promising Vision Although Commercialization Remains In Early Stages
Archer Aviation Inc. Class A
2024-07-02 03:44:10 ET
Summary
Archer Aviation is a strong competitor in the urban air mobility sector, with a 50% market growth potential each year.
Intense competition in the industry from companies like Joby Aviation, Vertical Aerospace, Lilium, EHang, and Wisk Aero. But Archer is leading in terms of design and certification progress.
Archer's progress in prototype and certification is promising, with plans for commercial flights by 2025 and a valuation of $5.89, representing over 60% upside.