The Air Taxi Stock on the Flight Path to Profit

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Archer Aviation Inc.

June 10, pre-market
Ticker: ACHR | Sector: Aerospace and defense | Market Cap: ~6.3B

30‑Second Take

Why now? On June 6, President Trump signed an executive order to assure America’s drone dominance. Billed as a way to hit back against foreign competition and safeguard national security, the order will see electric vertical take-off and landing (eVTOL) technology fast-tracked in at least five cities within the next three months. This paves the way for air taxis to fill the skies and puts Archer on the flight path to profit. That’s because its all-electric Midnight™ air taxi is production ready and could be right at the forefront of this new ‘low-altitude economy’.

Trade Setup

Time frame: Swing to medium-term
Edge type: Momentum breakout

Snapshot Table

Metric

Value

Current Stance

Price

$11.28

Average

52‑week range

$2.82 - $13.92

Average

Short interest

15.60%

Average

Next catalyst

Q2 earnings report, expected August

Chart

5-Day Synopsis: Over the past five trading days, Archer shares have quickly transitioned from a quiet consolidation phase mid-week, with the stock trading around $9.70 into a clear breakout pattern, fueled by President Trump’s executive order on Friday. The impact was decisive, with a ~17% rally in the books. On Monday analysts from HC Wainwright lifted their price target for ACHR stock, leading to a 12.78% surge.

Bull Case 

Core thesis: Archer operates in the booming urban air mobility space. It designs and manufactures electric vertical take-off and landing (eVTOL) aircraft for commercial and defense projects. Its Midnight aircraft is designed to accommodate four passengers and one pilot and can conduct rapid back-to-back flights of 20-50 miles with minimal charge time in between. 

Catalysts: Archer operates within the low-altitude economy – a sector set to take off exponentially. According to Bank of America global research, the global civil adoption of eVTOL could grow by 62% between now and 2030. This could be a conservative estimate, with President Trump’s ‘Drone Dominance’ executive likely accelerating that timeframe. 

With this executive order, Archer Aviation has a direct path through a government-backed eVTOL pilot rollout. It will benefit from urgent regulatory timelines. Bolstered by national security priorities and massive market potential for urban air mobility, ACHR stock is already taking off.

Valuation upside: ACHR stock is trading above the average analyst price target of $11.39. The high is currently $18.00. 

Technical tailwind: Technical indicators point to continuing bullish momentum, with the stock price expected to close in on the top end of the 52-week moving average.

Bear Case 

Key risk: Regulatory and certification uncertainty is the core risk for Archer Aviation. Any delays or failures in FAA certification for its eVTOL aircraft, such as the Midnight model. It is currently in the process of obtaining Type Certification, which confirms final airworthiness and Production Certification. Until those certificates are obtained, it can’t generate revenue from air taxi services. Any road bumps in this process could hit profitability and impact investor confidence. 

Macro/sector headwinds: Urban mobility is still in its infancy, and global instability could quickly cause headwinds. Restrictions on China’s technology and trade tariffs could disrupt the supply chains for lithium batteries, rare earths, and avionics—all vital to eVTOL manufacturing. 

National security policies might also influence which companies get government support or face export barriers.

Competitive threat: Rivals like Joby Aviation, Eve Air Mobility, and Lilium are all in line to benefit from the Presidential order, too. Air taxis are a fiercely competitive space, and rival firms are also targeting FAA approval and lucrative partnerships just as single-mindedly. Any operational or manufacturing delays could quickly send Archer to the back of the pack. 

Crowded-trade concern: The eVTOL sector is highly speculative and volatile. ACHR fits the standard tech-stock pattern. It’s a visionary product, with exciting partnerships and a huge total addressable market, but the path to profitability is long given eVTOLs are still unproven in the real world. If enthusiasm wanes, the stock could quickly pull back.

Quick Checklist 

Thesis still valid after today’s close
Volume confirms move above key levels
Catalyst date double-checked (June 09, 2025)

That’s all for today’s Everyday Alpha. We’ll have a new pick for you every morning before the market opens, so stay tuned!

Best Regards,
—Noah Zelvis
Everyday Alpha