Cantor Fitzgerald Maintains Overweight Rating for Archer Aviation: Here's What You Need To Know

Cantor Fitzgerald has decided to maintain its Overweight rating of Archer Aviation ACHR and raise its price target from $10.00 to $10.00.

Shares of Archer Aviation are trading down 3.05% over the last 24 hours, at $4.77 per share.

A move to $10.00 would account for a 109.64% increase from the current share price.

About Archer Aviation

Archer Aviation Inc advances the benefits of sustainable air mobility. It is creating the electric airline that moves people throughout cities in a quick, safe, sustainable, and cost-effective manner. It is designing, manufacturing, and operating a fully electric vertical takeoff and landing aircraft that can carry four passengers for around 60 miles at speeds of up to 150 mph while producing minimal noise.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.