AST SpaceMobile Secures $100M Deal as Archer Aviation Faces Increased Competition
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2h ago
0mins
Source: Fool
- Increased Market Competition: Archer Aviation plans to launch its electric vertical takeoff and landing (eVTOL) flying taxi service in the UAE next year, yet its stock has fallen 41%, indicating significant uncertainty as it faces fierce competition from Joby Aviation and Boeing.
- Certification Process Challenges: Archer is currently in the final phase of the FAA's four-part certification process, which, if successful, will pave the way for commercial operations, but this may delay its path to profitability.
- AST SpaceMobile's Major Progress: AST SpaceMobile has secured a deal with AT&T through 2030 and a $100 million contract with Verizon, including $65 million in prepayments, showcasing its strong growth potential in the satellite communication sector.
- Satellite Deployment Plans: AST SpaceMobile aims to launch a satellite every 45 days next year, expecting to have 45 to 60 satellites in orbit by the end of 2026, with a long-term goal of achieving global coverage with 90 satellites, further solidifying its market position.
ACHR
$8.13+Infinity%1D
Analyst Views on ACHR
Wall Street analysts forecast ACHR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ACHR is 12.20 USD with a low forecast of 8.00 USD and a high forecast of 18.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
4 Buy
1 Hold
0 Sell
Strong Buy
Current: 8.140
Low
8.00
Averages
12.20
High
18.00
Current: 8.140
Low
8.00
Averages
12.20
High
18.00
About ACHR
Archer Aviation Inc. is an aerospace company. It is engaged in providing customers with advanced aircraft and related technologies and services in the United States and internationally in both the commercial and defense sectors. Its commercial line of business consists of the sale of its commercial aircraft (Archer Direct), such as Midnight, to aircraft operators as well as technologies and services related thereto, including commercial launch (certification, testing, training, demonstration, market survey and early trial operations), and maintenance and repair. Its defense line of business consists of the sale of aircraft and related technologies for defense applications. Its initial product is intended to be a hybrid-propulsion, vertical take-off and landing (VTOL) aircraft. Its Midnight aircraft is designed around its proprietary 12-tilt-6 distributed electric propulsion platform. It carries four passengers plus a pilot. The aircraft is purpose-built for air taxi operations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
