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Barchart
Barchart
Sushree Mohanty

Should You Buy Archer Aviation Stock Before May 12?

Archer Archer Aviation FAA Cathie Wood

With a market cap of $4.75 billion, Archer Aviation (ACHR) is an under-the-radar aerospace company poised to take off soon. 

Archer Aviation is developing electric vertical takeoff and landing (eVTOL) aircraft with the goal of transforming urban air mobility. The company ended 2024 with its strongest ever cash position and significant progress in manufacturing, certification, and commercial readiness. Plus, savvy investors including Cathie Wood, who is known for her focus on disruptive innovation, have recognized Archer's long-term potential. The stock accounts for 2.7% of Wood’s flagship ARK Innovation ETF (ARKK).

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