Prediction: Archer Aviation Triples Its Revenue by 2028. Here's What That Would Mean for the Stock.
By the looks of it, Archer Aviation's revenue could explode by 2028.
By 2028, Archer Aviation (ACHR) could potentially triple its revenue, reaching approximately $506 million, according to analysts. This growth is based on several factors, such as the acquisition of three Boeing subsidiaries, including a profitable drone business generating over $200 million annually, and Archer's partnership with Anduril for the development of autonomous aircraft.
Archer's electric vertical takeoff and landing (eVTOL) business, the Midnight aircraft, is also expected to gain full-scale commercial certification in 2028, further contributing to its revenue growth. However, Archer's current operating expenses, which amounted to $284 million in the most recent quarter, are nearly half of the projected revenue, indicating the company still faces financial challenges.
Despite this, some investors may consider adding shares in Archer before its potential growth is reflected in the stock price.
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