Two months after hitting fresh all-time highs, shares of Archer Aviation (ACHR) remain positioned for significant upside, as electric vertical takeoff and landing (eVTOL) technology gains traction in mainstream and tactical airspace, according to Stocktwits analyst and host Shay Boloor.
“Aerial mobility is the next battlefield,” Boloor wrote, adding that “eVTOL isn’t about flying taxis anymore. It’s about tactical logistics in contested airspace.”
Founded in 2018, Archer Aviation is working to commercialize eVTOL aircraft and, according to Boloor, is ahead of industry peers in the FAA certification process.
The company already holds Part 135 Air Carrier & Operator certification and Part 145 Repair Station certification. It’s currently pursuing a Type Certification for its Midnight aircraft.
“Archer is building dual-use mobility platforms: low-footprint, battery-native aircraft that can launch from a parking lot and move personnel or payloads in silence,” Boloor noted, adding that the U.S. Air Force is funding the integration of this technology.
While the eVTOL market is still in its early stages, it’s currently valued at $3.31 billion and projected to grow to $170 billion over the next decade, according to Precedence Statistics.
Archer stands out as one of the few companies with a growing footprint in this space, bolstered by its expanding collaborations with government agencies.
Archer stock hits record high following stronger-than-expected Q1
Archer stock reached a new all-time high in May, becoming one of the first well-known names to rebound sharply following the April “Liberation Day” market pullback.
The stock closed at a record $13.30 per share on May 16, more than doubling from its April 4 low.
The surge followed better-than-expected fiscal first-quarter results. While Archer reported a net loss of $0.17 per share, the loss was narrower than the $0.21 per-share loss analysts expected.
Overall, the company’s net loss improved to $93.4 million, down from $116.5 million in the same quarter of 2024.
Archer also strengthened its balance sheet, reporting a record $1.03 billion in cash and cash equivalents, up from $834.5 million at the end of 2024.
Additional catalysts included a new partnership with ADRL to develop a hybrid eVTOL platform for the U.S. and its allies, as well as a strategic collaboration with Palantir to advance AI-powered aviation technologies.
Although shares have pulled back slightly from May’s peak, Archer continues to trade near $11, up 27% over the past six months and 108% over the past year.
At current levels, Archer Aviation holds a market capitalization of approximately $6.7 billion.
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