Archer aviation stock forecast remains bullish for Q2 2024

Archer Aviation stock forecast remains bullish for Q2 2024, with analysts projecting a potential upside of 15–20% driven by progress in eVTOL certification milestones and anticipated commercial launch in Turning to the balance sheet, the company’s total cash position exceeded $1 billion as of March 31. Its total debt stood at $78.3 million. So, this actually means the company currently boasts the strongest balance sheet in the industry. Moreover, Archer recently completed an $850 million stock offering, generating net proceeds of $817.1 million. This brings the company’s cash position to around $2 billion. Assuming the cash burn rate remains unchanged, the company has approximately 4.5 years of runway before needing additional funding, a strong position, in my view. Courtney Carlsen has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Uber Technologies. The Motley Fool has a disclosure policy . Longer-term Archer Aviation stock forecast models project a price band of $6–$8 by late 2024, assuming timely certification and market rollout.