Archer Aviation (ACHR) is currently trading at $8.13 with a market cap of $5 billion. The stock has experienced a 15% decline over the past 52 weeks, reaching a low of $5.44 and a high of $14.02. Analysts maintain a 'Moderate Buy' rating with an average target price of $11.61, suggesting a potential upside of 29.7%. The high target price is $18, implying a 121% upside. Key growth catalysts include successful FAA certification and expansion into the UAE market. However, significant risks involve the unpredictable FAA certification process, potential delays, and competition from Joby Aviation. The company's financial state is pre-revenue, with significant R&D expenses and a net loss reported in the latest quarter.