Archer Aviation Inc. Class A Common Stock (ACHR)

Archer Aviation's shares surge on better-than-expected Q1 results, with analysts reiterating Buy ratings and positive long-term outlook.

Archer Aviation announced that it’s teaming up with Palantir to use AI to improve a range of its aviation systems.

Archer Aviation Inc (NASDAQ:ACHR) shares are surging Tuesday following the company's better-than-expected first-quarter results. Multiple analysts reiterated Buy ratings following the print. Here's a look at what's going on.

Archer Aviation, which designs electric vertical take-off and landing (eVTOL) aircraft, reported a first-quarter loss of 17 cents per share, beating analyst estimates for a loss of 28 cents per share, according to Benzinga Pro.

Analysts see 42% upside potential with a Buy rating and $11.10 target. Technicals also show a strong uptrend.

Archer Aviation's strategic COO appointment for UAE operations signals a commitment to its imminent Middle East launch, building on recent stock momentum.