Archer Aviation now offers better risk/reward than Joby Aviation after key acquisitions and diversified revenue.

Archer Aviation (ACHR) has improved its investment appeal compared to Joby Aviation (JOBY) due to recent acquisitions of Insitu, Wisk, and SkyGrid, which bring immediate military and drone revenue streams. This diversification reduces Archer's dependence on uncertain FAA certification timelines that have challenged the eVTOL industry. Post-acquisition, Archer's valuation is more attractive with a roughly 26x visible revenue multiple versus Joby's 52x, though both remain speculative investments. The analyst recommends closing the previous JOBY/ACHR pair trade, maintaining a speculative Buy on Archer and a Hold on Joby until more clarity on certification emerges.

Archer Aviation (ACHR) trades at USD 5.21 on Pluang as of Sep 29, 2026 22:02 WIB, showing a slight 0.29% gain for the day. The stock's market cap stands at $4.00 billion, reflecting its position in the Industrials sector. Despite recent acquisitions boosting its revenue streams, Pluang order activity shows a predominance of selling at 85%, indicating cautious investor sentiment.