Archer Aviation stock slips despite Needham Buy call as rates stay in focus
Archer Aviation shares fell 0.8% to $8.40 in early Wednesday trading, after dropping 4.4% Tuesday. The stock moved despite Needham maintaining a buy rating and $10 target. Air-taxi stocks tracked rate-sensitive moves after U.S. inflation data showed a 0.3% CPI rise in December. Investors remain focused on Archer’s FAA certification progress and upcoming earnings report expected Feb. 26.