Archer Aviation: Flying Higher, But Don't Chase
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- Archer Aviation has seen a surge in stock market interest after attracting investments from key industry partners and investors.
- The company aims to launch eVTOL production and commercial services in 2025, with plans to deliver the first Midnight aircraft to the DoD in late 2023.
- The stock has an attractive valuation compared to the opportunity, but investors should buy weakness over the next 18 month crawl towards material revenues.