Archer Aviation Achieves Milestone with UAE eVTOL Test Flight, Eyes $23.8B Market
ByAinvest
Thursday, Jul 3, 2025 4:53 pm ET1min read
ACHR--
Archer Aviation completed the first flight of its Midnight eVTOL aircraft in Abu Dhabi, UAE, marking a milestone in its commercial plans in the region. The company is targeting a $23.8 billion air mobility market in Abu Dhabi and Dubai, with expectations for 21% annual growth through 2035. Archer Aviation scores a Moderate Buy rating based on 6 analysts, with an average stock price target of $11.75, implying a 17.74% upside.
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