Should You Buy Archer Aviation While It's Below $8?

For the past several years, investors have been excited about the emerging electric vertical takeoff and landing (eVTOL) market and its potential to transform transportation. By some estimates, the eVTOL market could be worth $27 billion by 2034.One company that has received widespread attention and massive share price gains is Archer Aviation (NYSE: ACHR), which makes an eVTOL called Midnight and has been working hard over the past few years to forge partnerships and secure certifications for its planned air taxi services.All the enthusiasm for Archer and the eVTOL market has pushed the company's share price up 186% over the past three years. So, with its share price hovering around $8, is now a good time to buy Archer stock? I don't think that would be a smart move, and here's why.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool