Archer Aviation (NYSE:ACHR) drops as revenue lags Wall Street targets
Archer Aviation shares slid 3.3% to $5.25, just above their 52-week low, as Q1 revenue stayed minimal at $1.6 million—mostly from airport lease income, not aircraft sales—while operating expenses soared to $256.2 million and net loss widened to $217.7 million; analysts’ average price target remains $11.38, but investors are focused on certification progress and mounting losses.