Where Will Archer Aviation Stock Be in 3 Years?

Electric vertical take-off and landing vehicles (eVTOLs) promise to revolutionize transportation by allowing people to soar above traffic in dense urban areas. And Archer Aviation (NYSE: ACHR) could be a great way to bet on this long-term opportunity. Let's explore the pros and cons of the company to determine where it might be in the next three years. The eVTOL opportunity is stirring optimism for many on Wall Street. Analysts at Morgan Stanley believe it could be worth $1 trillion by 2040 as it disrupts the market for traditional land-based taxis. And if reality hits even a fraction of these lofty projections, early movers like Archer Aviation could be on track to mint their fair share of millionaires.Granted, it is never easy to tell a real long-term opportunity from a hype cycle. In the past, analysts breathlessly praised other industries like the metaverse, virtual reality, or space tourism, only to go silent when things didn't go as planned. That said, the eVTOL story seems a little more credible because of its obvious and undeniable practicality. These aircraft offer clear advantages over traditional helicopters. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool