Archer aviation (NYSE: ACHR)) Is getting closer to the marketing stage, and the progress made on this front have attracted investors’ applause following the results of the T2 of Evtol Maker last week.
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Keeping the positive story, Canaccord Austin Moeller also had a lot of great things to say about the company after a recent conversation with ACHR sales director, Nikhil Goel at the 45th annual Canaccord growth conference.
On the one hand, Moeller now thinks that Acher could start generating income from his “Launch Edition” program from the second half of this year. This initiative is part of the partnership archer’s OP strategy with Global Airlines, which has already produced an arrears of $ 6 billion from United Airlines, Indigo and Southwest. The launch edition allows early deployment before the FAA certification, helping airlines and governments to prepare for urban air mobility (UAM) operations while giving Archer a previous source of income.
“The multi -year Archer agreement with the Investment Fund of Abu Dhabi and the Aviation Abu Dhabi represents a transformational partnership”, explains Moeller, “by taking advantage of the deployment of” Launch Edition “planes to help water prepare in advance for its objective of being the first world operator of Evtols.”
Commercial history, however, is only one side of the medal. Goel also underlined the growing role of Archer in Defense, in particular thanks to his collaboration with Andundil to develop a hybrid VTOL drone. Rather than modernizing his midnight cell, Archer decided to start from scratch alongside a high -level defense entrepreneur to meet the unique requirements of American military and NATOs. This effort is still accelerated by recent acquisitions, such as critical mission composites for rapid prototyping and sur-airs talents, including the expertise of the predator Abem drone designer. Together, these parts position archer to expand beyond the transport of passengers in advanced defense applications.
In addition, Archer sees two major short -term opportunities in the EVTOL Integration Pilot Program (EIPP) and upgrades to the American air traffic control system (ATC). Announced in June under the Lifes the domination of the American drone Executive decree, the EIPP aims to launch EVTOL planes in the United States next year, with five projects that will be chosen within 90 days. Goel has also noted that ATC upgrades are essential to integrate these planes safely into the crowded airspace. He underlined Archer’s partnership with Palant to apply AI / ML for autonomy features in the modernization of ATC.
“We believe that a victory by a contract by Archer and Palant over the brand new ATC system, which has already received an initial credibility of $ 12.5 billion by the Congress in July, could represent a closer income opportunity for ACHR than midnight passenger planes or the unnamed defense program,” said Moeller.
All in all, Moeller attributes ACHR shares with a purchase note and a price target of $ 13, which implies an increase of 32% compared to current levels. (To watch the history of Moeller, click here)
And it is not alone in its optimism – the wider consensus of the street is also an optimistic, with 5 additional purchases and only 2 sockets, pointing to a strong purchase view. The average price target amounts to $ 12.06, which implies an increase of ~ 23% in the next 12 months. (See Forecast of ACHR actions))
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