12 Best Penny Stocks to Invest In According to Billionaires

​9. Archer Aviation Inc. (NYSE:ACHR)

Number of Billionaire Investors: 13

Total Value of Holdings: $75.5 billion

Number of Hedge Fund Holders: 31

Archer Aviation Inc. (NYSE:ACHR) is one of the Best Penny Stocks to Invest In According to Billionaires. The stock has declined roughly 43% over the past 6 months, mainly due to an adjusted EBITDA loss of $172.5 million and free cash use of approximately $182 million during fiscal Q1 2026.

​Despite the loss, Wall Street remains bullish on Archer Aviation Inc. (NYSE:ACHR), with analysts’ 12-month price target suggesting more than 130% upside from the current level. The optimism comes as CEO Adam Goldstein highlighted major progress across certification, commercial readiness, and defense and AI initiatives during the quarter.

​Notably, the company expects Midnight aircraft operations to begin in US cities this year under the White House’s eVTOL Integration Pilot Program. The Midnight aircraft is also expected to serve as the official air taxi provider for the LA28 Olympic Games and was selected as the air taxi partner across 8 states, including Florida, Texas, and New York.

​In terms of the certifications, Archer Aviation Inc. (NYSE:ACHR) became the first eVTOL company to close Phase 3 of the FAA’s 4-phase Type Certification process, while already advancing into Phase 4 testing.

Archer Aviation Inc. (NYSE:ACHR) is an American company that is designing and developing electric vertical takeoff and landing (eVTOL) aircraft for use in urban air mobility networks.