Archer Aviation Stock: Recent Volatility and Future Outlook

Archer Aviation`s stock has experienced volatility this year, climbing 17% over the last month but still down 35%. JPMorgan has reiterated an overweight rating on the company and raised its one-year price target from $5 per share to$6 per share, suggesting a 50% upside. Archer Aviation`s second-quarter earnings release on Aug. 8 is expected to be bullish, but the earnings report is unlikely to deliver big surprises. The company has a market capitalization of roughly $1.4 billion, but there are signs that the flying taxi market will see rapid expansion. Archer Aviation is a high-risk, high-reward stock, but investors should approach it with caution. The flying-taxi market could be worth over$80 billion annually by 2033.