Archer Aviation vs. Defense Stocks
This is a news story, published by Yahoo Finance, that relates primarily to ACHR news.
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Technology
Is Archer Aviation Inc. (NYSE:ACHR) the Best Aerospace and Defense Stock to Buy According to Analyst?
83% Informative
Archer Aviation Inc. ( NYSE : ACHR ) is an aerospace company specializing in the design and development of electric vertical takeoff and landing aircraft for urban air mobility networks.
In 2023 , global military expenditures reached a record high of $2.4 trillion , marking a 6.8% increase from the previous year .
Morgan Stanley’s Global Investment Office views this resurgence in defense spending and technological innovation as an opportunity to enhance productivity.
Archer Aviation Inc. ( NYSE : ACHR ) is also developing a hybrid aircraft in partnership with Anduril Industries Inc. Analysts expect more than 57% upside for the stock.
Overall, ACHR ranks 5th on our list of best aerospace and defense stocks to buy according to analysts.
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