Archer Aviation Just Set a New Flight Record. Does That Make ACHR Stock a Buy Here

Archer Aviation (ACHR) made headlines on Sept. 22, when its Midnight eVTOL demonstrator reached a new high-altitude record. During a test flight from Salinas, California, the aircraft climbed to 7,000 feet, its highest altitude to date, and flew about 45 miles at over 120 mph. This milestone underscores Midnight’s strong performance envelope (even though typical urban air taxi operations target 1,500–4,000 feet). CEO Adam Goldstein hailed the achievement as proof of Archer’s “performance capabilities while maintaining the highest safety standards.” 

The news sent ACHR shares up sharply in late September. But is this technical breakthrough enough to make ACHR stock a buy? Let's dive deep and find out.