Archer Aviation is flying high-literally and figuratively – after a major milestone. On June 3, 2025, the company’s Midnight aircraft completed its first piloted conventional takeoff and landing (CTOL) in California, showcasing not just the aircraft’s capabilities but also boosting investor confidence in Archer’s eVTOL (electric vertical takeoff and landing) tech.
The test flight isn’t the only reason for excitement. Archer also received FAA certification for its new airline subsidiary, Archer Air, clearing the runway for commercial operations. But perhaps the biggest buzz came from a new partnership with Southwest Airlines to develop air-taxi services across California.
Analysts are optimistic about what’s next. Both Canaccord Genuity and Cantor Fitzgerald have issued Buy ratings, with price targets of $13.50 and $13.00, respectively – suggesting more than 30% upside from current levels. The stock has already gained over 20% in the past month and an eye-popping 178% over the past year, fueled by growing investor interest, including support from billionaire Ken Griffin.
Backed by major partners like Stellantis and Palantir, and with a new factory in Georgia aiming to produce 650 aircraft annually by 2025, Archer is building momentum. While it faces strong competition from Joby Aviation and Vertical Aerospace, its recent wins make Archer a standout in the race for urban air mobility dominance.
