Is a good buy achr now?

Archer Aviation Inc. (ACHR) appears to be a promising investment, considering the following points:

1. Analyst Ratings and Price Targets:

   • The average analyst rating for ACHR is "Buy," as indicated by the six analysts who have provided ratings, with a consensus to buy the stock.
   • The 12-month stock price forecast is $8.0, which represents a significant upside from the current price, with an expected increase of 100.50%.
   • The average price target over the past 3 months is $7.88, with a high forecast of $12.00 and a low forecast of $4.50, suggesting a strong potential for price appreciation.

2. Company Developments and Strategic Partnerships:

   • Archer Aviation has announced a key contract manufacturing relationship with Stellantis, which is expected to help scale production to 650 aircraft annually and secure additional equity capital.
   • The company plans to launch an air mobility network in Los Angeles as early as 2026, which could significantly boost its operational scale and revenue.
   • Archer Aviation is nearing completion of its high-volume manufacturing facility in Covington, Georgia, which is a critical step towards scaling up production capabilities.

3. Financial Performance and Growth Prospects:

   • The company has shown strong revenue growth, with a year-over-year increase of 2,654.02% in revenue from the previous year.
   • Despite being in a growth phase, the company has a negative EPS forecast for the next few years, which is not uncommon for rapidly growing companies.

4. Valuation Metrics:

   • The P/E ratio is not provided, but a lower P/E ratio generally indicates a stock is undervalued compared to its earnings.
   • The dividend yield is not provided, but a higher dividend yield can be attractive for income-focused investors.
   • The debt-to-equity ratio is not provided, but a lower ratio suggests a lower risk profile and better financial health.

In conclusion, considering the strong analyst consensus, significant growth prospects, and strategic developments, Archer Aviation appears to be a compelling investment opportunity. However, investors should carefully consider their risk tolerance and investment horizon, as the company is still in the growth phase and may exhibit volatility in its stock price.