Stock Track | Archer Aviation Plunges 5.25% Pre-Market on Analyst Downgrade Amid Valuation Concerns
Archer Aviation Inc. witnessed a significant pre-market plunge of 5.25% on Friday, January 10th, 2025, as shares of the electric vertical takeoff and landing aircraft maker reacted to a downgrade by J.P. Morgan analyst Bill Peterson.Peterson downgraded Archer Aviation's stock rating from Buy to Hold, citing concerns that the company's shares have risen too far too fast in recent months. Despite increasing his price target for Archer from $6 to $9, the analyst believes that the current stock pr