ACHR - Where Will Archer Aviation Stock Be in 5 Years?
2024-07-26 17:15:00 ET
With shares down by around 54% since inception, Archer Aviation (NYSE: ACHR) has been a punishing investment for long-term shareholders. The decline can be blamed on poor operating performance, high interest rates making unprofitable growth stocks less attractive, and investors' shift toward more hyped-up opportunities like artificial intelligence.
Let's discuss what the next five years could have in store for Archer Aviation as it pioneers electric vertical take-off and landing technology.
Electric vertical take-off and landing aircraft, also known as eVTOLs, took Wall Street by storm in the late 2010s and early 2020s. Analysts at Morgan Stanley boldly predicted the opportunity could be worth $1.5 trillion by 2040 because of potential use cases like autonomous air taxis. And Archer Aviation capitalized on the hype to go public via a special-purpose acquisition company (SPAC) in late 2021.
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Where Will Archer Aviation Stock Be in 5 Years?