Where Will Archer Aviation (ACHR) Stock Be in 1 Year?

Archer Aviation (NYSE: ACHR), a developer of electric vertical takeoff and landing (eVTOL) aircraft, went public through a merger with a special purpose acquisition company (SPAC) in September 2021. Its stock started trading at $9.90 per share, but now trades at about $8.Like many other SPAC-backed companies, Archer overpromised and underdelivered. In a pre-merger presentation, it claimed it could produce ten Midnight eVTOLs in 2024, 250 eVTOLs in 2025, 500 eVTOLs in 2026, and 650 eVTOLs in 2027. As it scaled up its business, it predicted its revenue would soar from $42 million in 2024 to $3.4 billion in 2027.Image source: Archer Aviation.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool