As of the time of reporting, the stock has risen over 9%, priced at $9.945.
According to Zhito Finance APP, on Wednesday, air taxi manufacturer Archer Aviation (ACHR.US) saw its stock price increase, as of the time of reporting, the stock has risen over 9%, priced at $9.945. Cantor Fitzgerald raised the stock's Target Price from $10 to $13, maintaining a "Shareholding" rating. Cantor Fitzgerald expects the company to continue prioritizing its electric vertical take-off and landing (eVTOL) Business and stated that the company will now be able to focus on dual-use fields. The company raised $0.43 billion in new funding on December 12 and is collaborating with defense technology company Anduril Industries to develop hybrid aircraft, aiming for the Pentagon's potential "record project."
