Aggressive Stock Portfolio: 5 Stocks Picked by Analysts

2. Archer Aviation Inc. (NYSE:ACHR)

Average Analyst Price Target as of March 28: $9.83

Upside Potential as of March 28: 112.77%

Number of Hedge Fund Holders: 22

Santa Clara, California-based Archer Aviation Inc. (NYSE:ACHR) is designing and developing electric vertical takeoff and landing aircraft for use in urban air mobility networks.

On March 11, Archer Aviation Inc. (NYSE:ACHR) announced a partnership with Falcon Aviation, a prominent Aviation Services Operator in the UAE, as their vertiport infrastructure partner for critical locations in Dubai and Abu Dhabi. Last year, the companies had signed a collaboration agreement under which Falcon Aviation was to operate a fleet of Archer’s Midnight electric aircraft and expand the two companies’ urban air mobility ecosystem in the UAE.

On February 27, Cantor Fitzgerald analyst Andres Sheppard maintained an ‘Overweight’ rating for Archer Aviation Inc. (NYSE:ACHR) shares with a price target of $10 per share which represents a potential upside of 99.20%.