Archer Aviation stock down 32% YTD but forecasted to rise 127% on FAA progress and new contracts.

Archer Aviation's stock has fallen 32.45% year to date, trading at $5.08 after hitting $14.62 in the past year. Despite recent losses and a net loss of $217.7 million in Q1 2026, the company shows strong FAA certification progress and strategic partnerships, including contracts for the LA28 Olympics and defense projects. The 24/7 Wall St. price target is $11.51, implying a 126.61% upside over the next 12 months, with potential growth tied to FAA certification completion and commercial operations starting in late 2026. Risks include continued cash burn, revenue delays, and possible dilution from stock issuance.