Archer Aviation Stock Has 133% Upside, According to 1 Wall Street Analyst

Electric-powered aircraft maker Archer Aviation (NYSE: ACHR) has captivated investors with the potential to bring air taxis to everyday life and potentially ease traffic congestion that plagues many cities. The company's stock has captivated Wall Street, garnering many favorable ratings and price targets.One Wall Street analyst just initiated coverage and sees the potential for Archer Aviation's stock price to more than double, despite trading down nearly 19% so far this year. Let's take a look.Needham analyst Chris Pierce recently rolled out coverage of Archer Aviation with a buy rating and $11 price target. That target implies a 121% upside over the next year or so given that the stock currently trades at $4.98 per share (as of Nov. 20).Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool