Cantor Fitzgerald Reaffirms Overweight Rating on Archer Aviation (ACHR), Keeps $13 PT

Archer Aviation, Inc. (NYSE:ACHR) is one of the best mid cap stocks to buy according to hedge funds. On November 10, Cantor Fitzgerald reaffirmed its Overweight rating and a $13 price target on Archer Aviation, Inc. (NYSE:ACHR). The decision comes after Archer acquired Hawthorne Airport in Los Angeles.

Cantor Fitzgerald Reaffirms Overweight Rating on Archer Aviation (ACHR), Keeps $13 PT

Andrey Khachatryan/Shutterstock.com

Cantor Fitzgerald highlighted that the new facility will be Archer’s hub for air taxi operations in Los Angeles. And that the move is crucial for the company’s plans to provide exclusive electric air taxi services at the LA 2028 Olympics. The research firm also highlighted Archer’s financial position, noting that the company has roughly $1.7 billion in cash, which brings the total liquidity to about $2.2 billion after the company raised capital on June 12, 2025. This financial position, stated the analysts, gives Archer “the highest liquidity in the industry”.

In a different update, Archer completed an in‑country electric vertical take‑off and landing (eVTOL) flight test campaign for its Midnight aircraft in the United Arab Emirates on November 13. This test is part of the company’s commercial air taxi “Launch Edition” program.​ The tests were conducted at Al Ain Airport and in the UAE’s desert areas, using the local operating environment to validate the aircraft’s performance in regional conditions.

Archer Aviation, Inc. (NYSE:ACHR) is an electric aviation company. It designs and manufactures eVTOL aircraft intended for urban air mobility. The company’s flagship aircraft, Midnight, is being developed for commercial air taxi operations, supported by partnerships with major players such as United Airlines.

While we acknowledge the potential of ACHR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ACHR and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 9 Best Gene-Editing Stocks to Buy According to Hedge Funds and 10 Best European Bank Stocks to Buy Now.

Disclosure: None. This article is originally published at Insider Monkey.