Archer Aviation Stock Soars 288 Percent Discover Who Holds the Key Shares
Archer Aviation (ACHR) has seen a significant increase in its stock value, soaring 288% over the past year. The air taxi company continues to make strides in the urban air mobility sector through technical advancements and regulatory progress.
Key Developments in Archer Aviation
Archer’s recent achievements include the first public flight of its Midnight aircraft. This milestone is crucial for obtaining FAA certification and launching commercial services. The company is bolstered by its strategic partnership with Stellantis (STLA) and plans to expand in Japan and the U.S.
Shareholder Structure of Archer Aviation
Analysis of Archer Aviation’s ownership reveals various stakeholders, both institutional and individual. According to TipRanks, public companies and individual investors together own 35.69% of ACHR shares.
- Insiders: 24.43%
- ETFs: 16.94%
- Other Institutional Investors: 15.79%
- Mutual Funds: 7.15%
Key Shareholders in Archer Aviation
Stellantis N.V. emerges as the largest shareholder with a 9.38% stake. Marc E. Lore follows with an 8.70% ownership.
| ETF | Stake |
|---|---|
| ARK Innovation ETF (ARKK) | 3.91% |
| Vanguard Total Stock Market ETF (VTI) | 2.15% |
Vanguard Index Funds are prominent mutual fund holders with a 4.68% stake, while Fidelity Concord Street Trust owns 0.60%.
Market Outlook for Archer Aviation
Wall Street analysts currently have a Strong Buy consensus on ACHR. This rating is based on six Buy recommendations and one Hold, suggesting a price target of $13.14. This target indicates a potential upside of approximately 9.77% from current levels.
