10 Unstoppable Growth Stocks To Buy According to Reddit

4. Archer Aviation Inc. (NYSE:ACHR)

Number of Hedge Funds: 24

6-month Performance as of January 27, 2025: 115.0%

Archer Aviation Inc. (NYSE:ACHR) ranks fourth on our list of the unstoppable growth stocks to buy according to Reddit. The company is committed to developing high-performing vertical take-off and landing aircraft. Over the past few months, the company has forged crucial partnerships and executed key programs to accelerate its mission. For instance, on December 19 the company announced the completion of a high-volume aircraft manufacturing facility. More recently, on January 22, the company announced that ACHR added Lieutenant General (Ret) Scott Howell to its advisory board, allowing the company to emerge as a leading aircraft provider to the military.

On January 8, Chris Pierce, an analyst at Needham, reiterated a buy rating on the stock, maintaining a price target of $11. Pierce gave a buy rating because of ACHR’s strong order booking worth $6 billion, implying solid demand and revenue growth for the year ahead. He also added that the company’s strategic expansion plans are very promising. In addition to that, the analyst eyes key catalysts that will help Archer Aviation Inc. (NYSE:ACHR) further improve its long-term standing in the aircraft industry.

Overall, 24 hedge funds held stakes in the stock at the end of Q3 2024 and analysts also share a bullish sentiment on Archer Aviation Inc. (NYSE:ACHR). As of January 27, analysts’ median price target represents an upside of 20%.