What Happened
Analyst Firm Sees Diversified Aerospace Platform After Boeing Unit Deal
Cantor Fitzgerald has reiterated its Overweight rating and $11.00 price target on Archer Aviation following the company’s announcement of a major acquisition of Boeing subsidiaries Wisk Aero, Insitu, and SkyGrid. The acquisition is expected to close by the end of 2026 and may position Archer as a diversified aerospace, defense, and eVTOL platform. The company’s revenue grew to $5 million in Q2, exceeding Wall Street’s forecast. This development was reported by Investing.com.