Archer Aviation Q2 Disappoints: First Revenue Stream In Sight?

Shares of Archer Aviation Inc (NYSE:ACHR) recorded gains in trading on Tuesday, despite a downbeat second-quarter report.

Here are some key analyst takeaways.

JPMorgan analyst Bill Peterson reiterated a Neutral rating and price target of $10.

Needham analyst Chris Pierce reaffirmed a Buy rating and price target of $13.

HC Wainwright analyst Amit Dayal maintained a Buy rating and price target of $18.

Check out other analyst stock ratings.

JPMorgan: Archer's second-quarter results highlighted ongoing uncertainties about the timing of certification. The team is focused on meeting FAA requirements and preparing for “future commercial and defense opportunities," Peterson said. The company expects to add six more Midnight aircraft to its fleet, bringing the total to eight.  

Archer failed ...