Analysts See 56% Upside To Archer Aviation Inc. (ACHR)

Archer Aviation Inc. (NYSE:ACHR) is among the 10 Best Drone Stocks to Buy Right Now. As of the adjacent of concern connected November 26, the banal has a statement Buy standing based connected 8 Wall Street expert recommendations. Archer Aviation Inc. (NYSE:ACHR) has a one-year mean stock terms people of $11.69, representing an upside imaginable of 56.07%.

Stock marketplace information showing an upward trajectory. Photo by Burak The Weekender connected Pexels

On November 21, Canaccord Genuity expert Austin Moeller raised his terms people connected the banal to $13 from $12, portion maintaining a Buy rating.

Canaccord’s update follows the company’s announcement connected the sidelines of the caller Dubai Airshow (November 15-19) to supply electrical powertrain exertion to UAE-based EDGE Group and Anduril for the Omen Autonomous Air Vehicle.

This is the archetypal clip this technology, utilized connected Archer’s Midnight electrical vertical take-off and landing (eVTOL) aircraft, is being provided to a 3rd party, which Moeller believes volition unlock a caller model of gross maturation for the institution ahead.

During the four-day event, the American aerospace innovator besides signed an statement with The Helicopter Company and Red Sea Global to build, test, and deploy the eVTOL craft successful Saudi Arabia.

These deals travel respective caller contracts secured by Archer Aviation Inc. (NYSE:ACHR) with planetary clients, including 1 successful October with South Korea for eVTOL aerial taxis.

Archer Aviation Inc. (NYSE:ACHR) is an aerospace institution engaged successful the improvement of innovative technologies to powerfulness the aboriginal of aviation.

While we admit the imaginable of ACHR arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: 8 Best Small-Cap Defense Stocks to Buy Right Now and 13 Most Undervalued Stocks Under $20.

Disclosure: None.