Cantor Fitzgerald Reiterates Buy on Archer Aviation and Sees 30% Upside
Confident Investing Starts Here:
Archer's Collaboration Serves as Key Catalyst
Sheppard points to collaborations with Anduril, the U.S. Department of Defense, Stellantis (STLA), and United Airlines (UAL) as differentiators that help boost Archer's total addressable market, streamline manufacturing, and support commercialization. These partners give the company access to defense contracts, mass production capabilities, and commercial flight routes.
In the defense sector, Archer's work with Anduril focuses on developing hybrid-propulsion vertical takeoff and landing (VTOL) aircraft. Its $142 million contract with the U.S. Air Force's Agility Prime program is already generating near-term revenue. The company has also established a dedicated defense division staffed by experienced military aviation professionals, improving its credibility in the sector.
Cantor's reiteration reflects confidence in Archer's business model, funding runway, and the strategic value of its partners across aviation, automotive, and defense.
On the manufacturing side, Stellantis serves as Archer's exclusive contract manufacturer for its Midnight aircraft. The global automaker is contributing capital, production facilities, and staff to support Archer's scale-up. This partnership is designed to lower costs and speed up timelines by using Stellantis' automotive manufacturing playbook.
Sufficient Cash to Complete Certifications
Financially, Archer recently raised $850 million through a direct equity offering in June 2025. Combined with a $430 million raise in late 2024, the company now has about $2 billion in pro forma liquidity. This capital is expected to support FAA certification, facility buildout, and international expansion.
Archer is aiming to launch its eVTOL services in the UAE by late 2025, with future plans in Indonesia and Ethiopia. The company currently holds an order backlog of about $6 billion and is working with international stakeholders to develop supporting infrastructure like vertiports and air traffic systems.
In a broader perspective, Archer Aviation scores a Moderate Buy rating based on 6 analysts. The average ACHR stock price target is $11.75, implying a 17.50% upside.
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