Archer Aviation (ACHR) has formed a Golden Cross, signaling bullish momentum. But with volatility in eVTOL industry, can it sustain the uptrend?

It has been a turbulent 30 days in the stock market for Archer Aviation (ACHR). It could become even more whipsaw for the eVTOL air taxi maker in the days to come.

Needham gave the stock a buy rating and a price target of $11, noting that industry momentum had reached a tipping point. Analyst Chris Pierce also said its $6 billion order book thanks to customers like United Airlines gave it confidence in the stock, and it saw a path to $3 billion in annual revenue.

The Archer Aviation stock price has dived in the past few days. We explain whether the ACHR share price will rebound