Archer Aviation reported a quarterly loss but saw stock rise, maintaining a "Moderate Buy" rating.

Archer Aviation, an electric aircraft company in San Jose, reported a Q3 EPS loss of $0.29, slightly missing analyst estimates. Despite this, its stock rose $0.62 to $4.51 on Monday. The company, focused on urban air mobility, has a "Moderate Buy" rating and an average price target of $9.00, highlighting mixed but positive analyst sentiment.

November 12, 2024
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