Archer Aviation Stock: Buy, Sell, or Hold?
Wall Street has been bearish on Archer Aviation lately. Is this a buying opportunity?
Archer Aviation Stock: Buy, Sell, or Hold?
Overview
If you grew up watching The Jetsons, your idea of the future probably looked something like aerial cars zipping through cities, video-chat, androids, and flat-screen TVs. Surprisingly, reality has caught up to The Jetsons in many ways, yet one of its most iconic technologies -- flying cars -- largely remains in the realm of science fiction.
For now, at least.
Details
Archer Aviation (NYSE: ACHR) is one of several aviation companies trying to make a version of flying cars real. Its Midnight aircraft is an electric vertical takeoff and landing (eVTOL) craft designed to fly passengers above congested city streets at speeds approaching 150 miles per hour. Although the aircraft looks like a drone converted into a helicopter, it's designed to be quieter, cleaner, and more efficient for short urban hops in crowded cities.
Source
Originally published at www.fool.com.
