Published: November 23, 2025
Electric air‑taxi developer Archer Aviation Inc. (NYSE: ACHR) is ending the week at the center of the emerging eVTOL story – and of a growing Wall Street debate.
On Sunday, November 23, 2025, the company sits at roughly $7.18 a share, after a sharp sell‑off in recent months and a 4.5% rebound on Friday. [1] Yet today’s news flow is packed:
- Canaccord Genuity just raised its price target to $13, implying more than 80% upside, and reiterated a Buy rating. [2]
- Institutional investor Vestor Capital disclosed a 1,014% increase in its ACHR position. [3]
- New coverage highlights Archer’s defense powertrain deal with Anduril and the UAE’s EDGE, and its Saudi sandbox” partnership with PIF‑backed The Helicopter Company and Red Sea Global. [4]
- At the same time, rival Joby Aviation has sued Archer over alleged trade‑secret theft, and a short‑seller report is attacking Archer’s Dubai Airshow showing. [5]
Here’s how today’s headlines fit together – and what they might mean for ACHR stock.
Key Archer Aviation Headlines on November 23, 2025
- Canaccord lifts ACHR price target from $12 to $13, calling the stock a Buy” with >80% upside based on Archer’s new powertrain strategy and defense applications. [6]
- Vestor Capital boosts its stake more than tenfold to ~278,666 shares, while analysts’ average price target sits around $12.40 with a Strong Buy consensus. [7]
- Saudi Arabia signs a sandbox eVTOL deal with Archer, PIF’s The Helicopter Company (THC) and Red Sea Global, using Midnight aircraft for test flights tied to the kingdom’s tourism vision. [8]
- UAE defense project Omen” picks Archer’s electric powertrain, marking Archer’s first third‑party powertrain sale and a new revenue stream beyond air‑taxi operations. [9]
- Abu Dhabi Autonomous Systems Week names Archer among partners in a newly unveiled network of advanced electric vertiports and air‑mobility projects. [10]
- Joby Aviation sues Archer in California state court, alleging corporate espionage” around a real‑estate deal; Archer calls it bad faith litigation” and denies any misuse of Joby data. [11]
- Short‑seller Hunterbrook Media publishes a critical report claiming Archer’s Midnight never flew at the Dubai Airshow despite months of promotion; Hunterbrook discloses it is short ACHR and long JOBY. [12]
Wall Street Sticks With a Bullish View as ACHR Trades Around $7
Despite a bruising 2025 that’s seen Archer’s share price fall more than 30% over six months, analysts remain broadly optimistic. [13]
According to TipRanks, Archer currently carries a Strong Buy” rating based on five recent analyst calls, with an average price target near $12.40 – roughly 70% upside from around $7.18. [14]
Friday’s session saw ACHR gain 4.51% to close at $7.18, as investors digested the Anduril/EDGE deal, Saudi partnership news, and early reaction to the Joby lawsuit and short report. [15]
In other words: Wall Street’s models still assume Archer will eventually monetize its air‑taxi and powertrain platform at scale, even as the market is pricing in delays, dilution and legal risk.
Canaccord Hikes Price Target to $13 on New Powertrain Strategy
Today’s biggest positive for bulls comes from Canaccord Genuity. Analyst Austin Moeller raised his Archer Aviation price target to $13 from $12, reiterating a Buy and highlighting over 80% upside from current levels. [16]
Key points from the note:
- Canaccord’s revised model explicitly factors in Archer’s plan to sell its proprietary electric powertrain to third parties, not just use it in its own Midnight air taxis. [17]
- The first customer is Anduril Industries, working with the UAE’s EDGE Group on the Omen Autonomous Air Vehicle – a tail‑sitting drone that blends hover and cruise modes. [18]
- The UAE has already committed to buy 50 Omen systems, creating an early, contracted demand signal for Archer’s energy‑dense batteries and motor systems. [19]
TipRanks notes that this third‑party powertrain business gives Archer a second path to revenue alongside its planned urban air‑taxi operations, potentially smoothing the long road to profitability. [20]
Earlier this week, another TipRanks analysis framed the stock’s drop as a mismatch between long‑dated revenue expectations and impatient public markets, arguing that the first meaningful revenues aren’t expected until 2026. [21]
Vestor Capital and Other Institutions Buy – While Insiders Take Profits
On the ownership side, MarketBeat today flagged a notable institutional move:
- Vestor Capital LLC increased its stake in Archer by 1,014.7% in Q2, now holding roughly 278,666 shares valued at just over $3 million, or about 0.05% of the company. [22]
The same filing recap shows a broader pattern:
- Funds including New York State Common Retirement Fund, Victory Capital, Kestra Private Wealth and others all added to ACHR positions earlier this year.
- Institutional investors now control about 59% of Archer’s float, underscoring strong smart money” involvement despite volatility. [23]
At the same time, insider selling has picked up in mid‑November:
- CTO Thomas Paul Muniz sold about 90,648 shares at ~$7.49, worth roughly $679,000, trimming his stake by around 6%.
- Chief legal & strategy officer Eric Lentell sold 41,490 shares, also at about $7.49, cutting his position by roughly one‑third. [24]
MarketBeat data shows insiders have sold around 182,000 shares in the past 90 days, even as outside funds have been buying. [25]
Insider sales aren’t automatically bearish – executives often diversify or exercise options – but in a year marked by heavy dilution and a $650 million equity raise, they’re another datapoint investors are watching closely. TechStock²+1
Defense Tech Deal: Archer Becomes a Powertrain Supplier for Anduril and EDGE
One of the week’s most consequential strategic moves – and a central reason for today’s analyst optimism – is Archer’s defense tech pivot.
On November 17, Archer announced that it will supply its dual‑use electric powertrain – the same core hardware being developed for the Midnight air taxi – to Anduril Industries and the UAE’s EDGE Group for the new Omen Autonomous Air Vehicle. [26]
According to Archer’s press release and subsequent analysis by The Air Current:
- The agreement marks the first time Archer is selling its proprietary powertrain to a third party, creating a distinct revenue line separate from operating an air‑taxi network. [27]
- Archer will leverage nearly 1 million square feet of US manufacturing and test facilities to build battery packs, motors and associated electronics at scale. [28]
- The UAE’s initial order for 50 Omen systems gives Archer immediate visibility into defense‑related demand, in a market where margins can be significantly higher than passenger transport.
For investors, this matters because it broadens Archer’s addressable market. Instead of a single bet on urban air taxis, the company now has a credible shot at becoming a core supplier of electric propulsion systems to both civil and military customers.
Saudi Sandbox” Deal: Midnight Heads to the Red Sea
Archer’s Middle East presence is also expanding beyond the UAE.
On November 19, Reuters reported that Archer signed a deal with The Helicopter Company (THC) – a subsidiary of Saudi Arabia’s Public Investment Fund (PIF) – and sustainable tourism developer Red Sea Global (RSG).
Key elements of the Saudi partnership:
- The three parties will create a structured sandbox” environment in Saudi Arabia, where Archer’s Midnight eVTOL can conduct test flights under real‑world conditions.
- The program is designed to evaluate aircraft performance, regulatory alignment, passenger acceptance and infrastructure readiness, especially for high‑end tourism routes along the Red Sea.
- THC would operate the aircraft, while RSG integrates the flights into its future transport network, positioning Midnight as a potential premium, low‑emission shuttle for tourists visiting ultra‑luxury resorts.
The deal builds on Archer’s recent wave of global partnerships, including agreements in Japan and South Korea, and underscores how the Gulf region has become a key test bed for advanced air mobility.
Abu Dhabi Autonomous Systems Week Puts Archer in the Vertiport Network
The broader UAE mobility ecosystem is also moving quickly – and Archer is on the guest list.
A new feature from Gulf News, published today, highlights how Abu Dhabi Autonomous Systems Week showcased robotaxis, drones, humanoid robots and electric vertical aircraft. Over 40 strategic partnerships were announced across land, sea and air.
One headline announcement:
The week unveiled the first network of advanced electric vertiports,” alongside partnerships in autonomous logistics, smart ports and advanced air mobility with partners including Load Autonomous, Archer Aviation, Glideways, Kaokao and others.
While specific commercial terms aren’t disclosed, being formally named as a partner in Abu Dhabi’s vertiport and AAM initiatives:
- Validates Archer’s role in the region’s long‑term urban air‑mobility plans; and
- Suggests potential future routes or demonstrations, especially once Midnight moves closer to certification.
Joby Lawsuit: Trade‑Secret Allegations and Archer’s Bad Faith Litigation” Response
Balancing today’s bullish headlines is a serious legal overhang.
On November 20, Reuters reported that rival Joby Aviation filed a lawsuit in California state court (Santa Cruz County) accusing Archer of stealing trade secrets.
According to the complaint, as summarized by Reuters and a detailed explainer in Khaleej Times:
- Joby alleges that former employee George Kivork, who led its state and local policy team, downloaded or emailed dozens of internal files – including business strategies, partnership terms and aircraft details – before leaving for Archer.
- Joby claims Archer used that information to undercut a confidential real‑estate deal related to future vertiport locations, and that a forensic investigation showed Kivork changing security permissions on hundreds” of documents.
- The company is seeking monetary damages and a court order blocking Archer from using any alleged trade secrets.
Archer strongly denies the accusations. In a statement from Dubai to Khaleej Times, chief legal & strategy officer Eric Lentell said:
- Archer has no deal” with the developer cited in the complaint.
- Kivork did not bring any Joby confidential information to Archer.”
- Joby is improperly attempting to achieve through bad faith litigation what it cannot accomplish through fair competition.”
A hearing is scheduled for March 20, 2026, and no court has ruled on the merits.
For ACHR shareholders, the lawsuit introduces:
- Headline risk and potential legal costs;
- The possibility of injunctions or damages if Joby ultimately prevails; and
- A reminder that Archer previously settled a separate trade‑secret dispute with Wisk, a Boeing subsidiary, in 2023, without admitting wrongdoing.
Short‑Seller Spotlight: Hunterbrook’s Dubai Airshow Allegations
Adding to the drama, Hunterbrook Media – an outlet tied to hedge fund Hunterbrook Capital – published an investigation on November 21 titled:
Archer Promised to Fly at Dubai Airshow. Its Air Taxi Never Left the Ground.”
Key claims in the piece:
- Archer spent months promoting a crewed Midnight flight at the 2025 Dubai Airshow, with CEO Adam Goldstein quoted in official materials saying the company looked forward to flying Midnight at the event.”
- In reality, the article says, Archer’s full‑scale Midnight remained a static display inside the exhibition hall, and did not participate in the show’s flying program.
- Hunterbrook argues this is the second high‑profile demo downgrade, pointing to an earlier plan to fly at Expo 2025 Osaka that reportedly became a static display instead.
Crucially, Hunterbrook discloses that Hunterbrook Capital is short ACHR and long JOBY, meaning it stands to benefit financially if Archer’s shares fall and Joby’s rise.
At this stage:
- Archer has not issued a detailed public rebuttal to the report.
- Independent coverage from outlets like TS2 and Benzinga notes that, so far, the stock has not collapsed on the report alone, though it contributes to a more skeptical narrative around Archer’s execution.
For investors, the report doesn’t prove wrongdoing, but it raises questions about communications, expectations management and demo readiness at a time when regulatory and public perception are critical.
Big Picture: High Upside, High Risk
Taking all of this week’s news together, the risk‑reward profile for Archer Aviation as of November 23, 2025 looks something like this:
Bullish factors
- Growing global footprint: UAE defense and Saudi tourism deals, plus vertiport partnerships in Abu Dhabi, add real‑world testbeds and potential early customers.
- Diversified business model: Powertrain supply deals with Anduril/EDGE and future third parties could create B2B revenue that doesn’t rely solely on running air‑taxi routes.
- Strong partners and shareholders: United Airlines, Stellantis, PIF‑linked entities and ARK Invest are all meaningfully involved, while institutional ownership continues to rise.
- Analyst support: Street consensus remains Buy/Strong Buy with average targets in the $12–13 range, and fresh upgrades arriving even after the recent sell‑off.
Bearish factors
- No commercial revenue yet: Midnight still lacks FAA type certification, and most analysts don’t expect material revenue until 2026 or later.
- Heavy cash burn and dilution: Archer has burned hundreds of millions of dollars over the past year and raised $650 million in new equity, expanding its share count and pressuring the stock.
- Legal and reputational risk: The Joby lawsuit, plus Hunterbrook’s short report, may weigh on sentiment for months, even if Archer ultimately prevails in court.
- Execution timeline: The entire eVTOL sector is new, regulation is evolving, and delays in certification or infrastructure could push revenue inflection points further out.
What Today’s News Means for ACHR Stock
For now, ACHR looks like a classic high‑beta, story‑driven stock:
- Upside is anchored in the idea that Archer can turn its Midnight aircraft and powertrain platform into multi‑billion‑dollar businesses – across air taxis, defense drones and possibly other electric aircraft.
- Downside centers on the possibility that certification takes longer, legal issues drag on, dilution continues, or competitors like Joby out‑execute in key markets like the UAE and Saudi Arabia.
Today’s developments tilt the narrative in both directions at once:
- Positive: A higher Canaccord target, visible Saudi and UAE partnerships, and fresh institutional buying argue that big‑money investors and strategics still believe in Archer’s long‑term story.
- Negative: The Joby lawsuit and Hunterbrook report mean Archer will now be judged not just on engineering milestones, but also on legal resilience, transparency and trust.
As always, this article is for informational purposes only and is not investment advice. Anyone considering ACHR should weigh their own risk tolerance, time horizon and diversification before making decisions.
References
1. stocktwits.com, 2. www.tipranks.com, 3. www.marketbeat.com, 4. www.investors.archer.com, 5. www.investing.com, 6. www.tipranks.com, 7. www.marketbeat.com, 8. www.reuters.com, 9. www.investors.archer.com, 10. gulfnews.com, 11. www.investing.com, 12. hntrbrk.com, 13. www.tipranks.com, 14. www.tipranks.com, 15. www.tipranks.com, 16. www.tipranks.com, 17. www.tipranks.com, 18. www.investors.archer.com, 19. www.investors.archer.com, 20. www.tipranks.com, 21. www.tipranks.com, 22. www.marketbeat.com, 23. www.marketbeat.com, 24. www.marketbeat.com, 25. www.marketbeat.com, 26. www.investors.archer.com, 27. www.investors.archer.com, 28. www.investors.archer.com
