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Breaking: Archer Aviation Lands Up to $142M in Contracts; Bullish Stance On Apple

  • July 31st, 2023
  • 265 views

Archer Aviation Inc. (NYSE: ACHR) has expanded its partnership with the U.S. Department of Defense (DoD) through new contracts with the U.S. Air Force valued at up to $142 million

Archer will deliver up to six of its Midnight aircraft to the Air Force, share additional flight test data and certification-related test reports, provide pilot training, and collaborate on the development of maintenance and repair operations. 

$ACHR is currently trading at $4.94 in pre-market, up $0.16 (+3.34%)

In other news, Apple Inc. (Nasdaq: AAPL), a renowned technology giant, received a positive evaluation from Piper Sandler, as the investment firm maintained an "Overweight" rating and raised the price target from $180 to $220.

Based on the Friday closing price of $195.83 for $AAPL, the revised price target implies a potential upside of $24.17, approximately 12.35%, as per Piper Sandler's analysis.

 

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)

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