10 Best Multibagger Penny Stocks of 2025

6. Archer Aviation Inc. (NYSE:ACHR)

Share Price as of August 29: $3.5

Average Upside Potential as of August 29: 152.8%

Number of Hedge Fund Holders: 21

Archer Aviation Inc. (NYSE:ACHR) is an aerospace and defense company based in San Jose, California. It designs, develops, and operates electric vertical takeoff and landing aircraft for use in urban air mobility.

This company is an exciting investment opportunity because it’s looking to bring flying taxis into the world of urban transportation. Archer Aviation Inc.’s (NYSE:ACHR) Midnight aircraft has also recently met key milestones as it is being prepared for commercial use. The company has also recently delivered its first aircraft to the US Air Force and is benefiting from a $50 million investment from Stellantis. The investment came after Archer Aviation Inc.’s (NYSE:ACHR) successful transition flight in June.

The transition flight also led to Future Flight Global agreeing to purchase 116 Midnight aircraft from Archer Aviation Inc. (NYSE:ACHR) for $580 million. Future Flight Global aims to launch air taxi services across Asia, Europe, and the Middle East, and in all this Archer Aviation Inc. (NYSE:ACHR) will be instrumental. Considering the exciting projects planned out for this aviation player, many investors are racing to buy the stock.

Archer Aviation Inc. (NYSE:ACHR) was found in the portfolios of 21 hedge funds in the second quarter, with a total stake value of $100.8 million.