Archer Aviation Is Cheap Right Now. Here's Whether That Makes It a Buy.
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By Steven Porrello – Apr 27, 2026 at 7:00AM ESTKey PointsArcher Aviation is nearing commercialization. The company's business model is flexible and could include military and logistics streams of revenue. Revenue is expected to climb 170,000% over the next two years. If you've read my articles on Archer Aviation (ACHR 1.21%) before, then you might be familiar with my speculative introductions: "Picture this," I'll say, "a future of flying taxis, with congested traffic far below your feet, and a clean, quiet ride to your nearest airport conducted in 10 minutes or less." That may have stimulated the imagination a year ago, but today, the real possibility of these aircrafts flying in a sky near you is making a fanciful introduction less and less unnecessary. Indeed, at this point, both Archer and rival Joby Aviation have successfully demonstrated flight tests for their electric vertical takeoff and landing (eVTOL) aircraft, with Joby planning its first Manhattan tests at the end of April. Both companies are nearing the completion of the FAA certification timeline. Soon enough, social media will be flooded with passengers filming their flights over city skylines. Image source: Stellantis. Archer Aviation, however, still trades as if the company were stuck in a phase of ideation. True, it lacks revenue, and commercialization isn't in its back pocket just yet. But trading below $6 -- and down about 30% on the year -- makes Archer a compelling buy for me today. Here's one reason why. ExpandNYSE: ACHRArcher AviationToday's Change(-1.21%) $-0.07Current Price$5.70Key Data PointsMarket Cap$4.2BDay's Range$5.59 - $5.8852wk Range$4.80 - $14.62Volume410KAvg Vol30MGross Margin-663333.33% Archer Aviation could fly more than just passengers Archer's business model will blend elements of a manufacturer (selling eVTOL aircraft) with those of an operator (actually providing the air taxi services) to jump-start its eVTOL ecosystem. But that's only the beginning of what could become a highly diversified business. One bright spot for Archer is the opportunity for defense and military applications. Indeed, since 2021 Archer has partnered with the Department of Defense (DOD) to build eVTOL technology for government purposes. Think silent reconnaissance, evacuation missions, or even the delivery of aid for humanitarian and disaster relief. The multiple uses of its eVTOL aircraft for defense could easily lead to long-term contracts and consistent cash flow, giving it stability as it scales its business. Another potential growth opportunity for Archer is in the logistics space. Much like an urban hop could reduce travel time for passengers, flying packages in an eVTOL could cut down shipping time for high-value goods, like medical supplies. The technology might be so successful that companies like Amazon could adapt aircraft to deliver packages between distribution centers. Is Archer a buy right now? The scenarios above could turn Archer into an industrial giant with a name as common as Uber. Of course, we shouldn't get too carried away here. Archer is pre-revenue, burning cash, and raising capital with stock dilution. Its growth path will likely be asymmetric, with plenty of near-term turbulence. That said, Archer could make some huge leaps from here. Indeed, revenue is projected to climb over 170,000% within the next two years, from essentially zero to about half a billion. Data by YCharts The stock is speculative, and execution risks abound. Yet, for a high-risk, high-reward play on the future of urban mobility, Archer's price today is an attractive opening for what could be a big return over the long term.Read NextApr 26, 2026 •By Steven PorrelloArcher Aviation Is Still Under $7. Here's Whether Long-Term Investors Should Pounce.Apr 25, 2026 •By Steven PorrelloIs Archer Aviation Stock Your Ticket to Becoming a Millionaire?Apr 16, 2026 •By Lawrence NgaIs Archer Aviation Stock a Buy in April? Here's What Investors Are MissingApr 16, 2026 •By Lawrence NgaArcher Aviation Just Hit a Major Milestone -- But Investors Should Watch This One Key Metric NextApr 15, 2026 •By Parkev Tatevosian, CFAFor the First Time Ever, I am Upgrading Archer Aviation Stock to a Buy RatingApr 9, 2026 •By Adam Spatacco3 Things Investors Should Know About Archer Aviation's Collaboration With StarlinkAbout the AuthorSteven Porrello is a contributing writer at The Motley Fool covering publicly traded companies in the materials, energy, and industrials sectors. Prior to The Motley Fool, Steven worked in the personal finance space and wrote for other financial publications. He holds a dual B.A. in English and Religion & Philosophy from LaGrange College and is pursuing an MFA from Rutgers University-Newark.TMFsaporrelloStocks MentionedArcher AviationNYSE: ACHR$5.70(-1.21%)-$0.07*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.