Archer Aviation Inc. ( NYSE:ACHR – Get Free Report ) shares traded up 7.5% on Tuesday. The company traded as high as $4.32 and last traded at $4.2350. Approximately 28,234,175 shares changed hands during trading, a decline of 20% from the average daily volume of 35,083,629 shares. The stock had previously closed at $3.94.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on ACHR. Wells Fargo & Company set a $18.00 price objective on shares of Archer Aviation in a report on Tuesday, August 11th. HC Wainwright reaffirmed a “buy” rating on shares of Archer Aviation in a report on Tuesday, August 11th. UBS Group reiterated an “overweight” rating on shares of Archer Aviation in a research report on Tuesday, August 11th. Barclays raised Archer Aviation from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $4.50 to $8.00 in a research note on Friday, October 9th. Finally, Needham & Company LLC restated a “buy” rating and issued a $9.00 price target on shares of Archer Aviation in a research report on Tuesday, August 11th. Six equities research analysts have rated the stock with a Buy rating, two have given a Hold ra...