JPMorgan shifted gears on air mobility stocks Archer Aviation Inc ACHR and Joby Aviation Inc JOBY, downgrading them despite strong sector enthusiasm.Analyst Bill Peterson adjusted Archer Aviation stock to a Neutral rating and Joby Aviation stock to Underweight, noting their significant market gains surged past what fundamentals justify.Market Enthusiasm Outpaces FundamentalsPeterson highlighted that Archer and Joby have outperformed the Clean Tech sector, gaining 145% and 86%, respectively, over the past si ...

JPMorgan also noted its recent partnership with defense tech start-up Anduril, seeing it as a positive, but believes expectations for the stock have outpaced reality. It thought the post-election rally was overdone, acknowledging that the Trump administration presents some unforeseen risks and likely volatility. In addition to the downgrade, JPMorgan lowered its price target on the stock from $9 to $6. Shares of Archer Aviation (ACHR -10.42%), the high-flying electric vertical takeoff and landing (eVTOL) st ...

Archer Aviation (ACHR -11.31%) stock saw strong bullish momentum across 2024's trading. The company's share price closed out last year's trading up 58.8%, according to data from S&P Global Market Intelligence. Archer Aviation stock gained ground across last year's trading thanks to business updates and bullish coverage from analysts. The company's share price also got a boost from political developments.Archer Aviation surged on multiple tailwinds in 2024While Archer Aviation isn't generating revenue, the c ...

Shares of electric vertical take-off and landing (eVTOL) companies Archer Aviation Inc (NYSE: ACHR) and Joby Aviation Inc (NYSE: JOBY) are tumbling this morning after bearish notes from JPMorgan. Archer Aviation stock currently 10.3% lower at $9.40. The equity started the year strong, with a nearly four- year high of $11.80 on Jan. 6, but has since dropped 16.3% over the past five sessions. Similarly, Joby Aviation stock, which touched its highest level since July 2023 at $10.71 on Jan. 7, are now down 6.2% ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...

Investors interested in Aerospace stocks should always be looking to find the best-performing companies in the group. Is Archer Aviation Inc. (ACHR) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Aerospace sector should help us answer this question.Archer Aviation Inc. is one of 51 companies in the Aerospace group. The Aerospace group currently sits at #7 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different secto ...

Archer Aviation (ACHR 20.27%) stock has been on an incredible hot streak lately. Even with the company issuing new shares to raise funds and diluting its previous shareholders, the stock has soared by 175% over the last six months.Factoring in the fresh shares that it sold to raise operating capital, the stock's run-up has pushed the flying electric vehicle (EV) specialist's market cap up 246% to roughly $4 billion. That's a particularly impressive feat for a business that's still in a pre-revenue state.But ...

Archer Aviation stock is up 291% over the last three months, and it could still deliver huge wins for long-term investors.Archer Aviation (ACHR 20.27%) stock has been on an incredibly hot streak lately. Thanks to a combination of bullish coverage from analysts, news about its commercial flight plans, and eye-catching news that the company is entering the defense industry, Archer Aviation stock is now up 291% over the last three months. But while the company's market capitalization has risen to nearly $5 bil ...

For decades, flying vehicles have been an idea out of science fiction. However, with recent developments in battery technology, flying taxis could soon become a reality, and Archer Aviation (ACHR 20.27%) is one company leading the way.Archer is developing electric vertical takeoff and landing aircraft (eVTOL) that promise efficiency as well as a quieter and more eco-friendly alternative for urban travel. In 2024, Archer Aviation stock experienced a remarkable 68% surge, underscoring its significant advancem ...

Archer Aviation (ACHR 19.38%) stock is posting big gains in Friday's trading. The company's share price was up 18% as of 1:50 p.m. ET.The stock is surging following a report that the Commerce Department on Thursday said it is considering implementing a ban on Chinese drones. The news highlights the possibility that Archer's competition could be limited and also spotlights the company's recent push into the defense industry.Archer's commercial business could benefit from new regulationsArcher Aviation is an ...