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products.This Crypto and AI Stock Just Got a Massive New Street-High Price Target That Implies Shares Could Double in the Next YearAMD Is Soaring on an OpenAI Deal. Is AMD Stock a Better Buy Than Nvidia Here?If You Love Dividends, Here Are 3 High-Yield Stocks to Buy NowStop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now!Separately, the automaker also posted a cryptic video today, hinting at an Oct. 7 announcement. Following today’s rally, Archer Aviation stock is up more than 150% versus its year-to-date low.www.barchart.comACHR stock has outperformed on the back of technical and operational milestones since April 4.These include successful test flights reaching altitudes of an impressive 10,000 feet and completing a 55-mile journey in 21 minutes.Archer Aviation has made substantial progress toward commercialization, securing crucial FAA certifications, including Part 141 for pilot training and Part 135 for commercial operations.The company already has legitimate partnership with United Airlines (UAL) and Stellantis (STLA) and has been picked as the official air taxi provider for the 2028 Los Angeles Olympics as well.Caution is still warranted in owning Archer Aviation shares due to significant challenges, including regulatory approvals and infrastructure development requirements.Meanwhile, the NYSE-listed firm is yet to start generating any revenue, indicating it still has a lot to prove in terms of commercial viability and operational execution.ACHR shares also face fierce competition in the race to dominate urban air mobility. Its rival, Joby Aviation (JOBY), has already flown passengers as part of an FAA-approved test flight.More importantly, neither Tesla nor Archer Aviation has officially confirmed a potential team-up, which makes today’s gains more speculative than fundamental.Wall Street firms also recommend caution in initiating a new position in Archer Aviation stock at current levels.According to Barchart, while the consensus rating on ACHR shares remains at “Moderate Buy,” the mean target of about $12.39 indicates potential downside of nearly 10% from here.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,770.75 +9.25 (+0.14%)Dow Futures46,935.00 +83.00 (+0.18%)Nasdaq Futures25,082.75 +43.50 (+0.17%)Russell 2000 Futures2,480.70 +7.20 (+0.29%)VIX16.94 -0.30 (-1.74%)Gold4,053.80 +49.40 (+1.23%)PortfolioSign in to access your portfolioSign inTop gainersDGNX Diginex Limited 24.20 +4.40 (+22.22%)TMC TMC the metals company Inc. 9.28 +1.56 (+20.21%)RGC Regencell Bioscience Holdings Limited 20.05 +2.80 (+16.23%)QURE uniQure N.V. 57.92 +5.01 (+9.47%)JHX James Hardie Industries plc 21.72 +1.63 (+8.11%)Top losersPTON Peloton Interactive, Inc. 7.31 -1.03 (-12.35%)MFH Mercurity Fintech Holding Inc. 32.01 -3.78 (-10.56%)SANM Sanmina Corporation 125.62 -14.38 (-10.27%)FLNC Fluence Energy, Inc. 13.83 -1.43 (-9.37%)FORM FormFactor, Inc. 38.83 -3.74 (-8.79%)Most activeOPEN Opendoor Technologies Inc. 9.29 +0.00 (+0.03%)PLUG Plug Power Inc. 3.8700 -0.2600 (-6.30%)DNN Denison Mines Corp. 2.8500 +0.0400 (+1.42%)RGTI Rigetti Computing, Inc. 43.91 +2.20 (+5.27%)F Ford Motor Company 11.92 -0.78 (-6.14%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersPOET POET Technologies Inc. 7.88 +1.50 (+23.51%)BURU Nuburu, Inc. 0.4750 +0.2200 (+86.27%)ORCL Oracle Corporation 284.24 -7.35 (-2.52%)GLTO Galecto, Inc. 17.92 +14.21 (+383.02%)TMC TMC the metals company Inc. 9.28 +1.56 (+20.21%)Top economic events