Barclays upgrades Archer Aviation rating, sets $8 price target
BCS Barclays plc ADR
$22.95 -0.22%
View chart & analysis → - 1Barclays upgraded its investment rating on Archer Aviation and set a price target of $8.
- 2Holdings of over 2.56 million shares of Archer Aviation and 753,000 shares of Joby Aviation held by ARK Invest were confirmed.
- 3Archer Aviation plans to acquire three business units from Boeing to expand into defense and drone sectors.
So what's the key point?
Barclays set an $8 price target for Archer Aviation, suggesting the stock could rise further. The company is expanding into the defense and drone sectors by acquiring business units from Boeing.
Source Stocktwits +1 · View original ↗
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