From electric vehicles like Tesla to ride-sharing platforms like Uber Technologies, people have many different ways to get around these days. Many companies are working on electric air taxis, including publicly traded stock Archer Aviation (NYSE: ACHR).

The flying taxi company is making huge strides and could be operational by next year. Is it time to buy the stock?

Archer Aviation stock price is about to form a golden cross pattern, which happens when the 200-day and 50-day moving averages cross each other.

Archer is soaring today after Needham initiated coverage on the stock with a bull rating. The firm's lead analyst on the stock gave it a buy rating and set a one-year price target of $11 per share, suggesting additional upside of roughly 116% as of this writing.

Archer Aviation (NYSE: ACHR) has soared 22% in the last month. Investors are getting increasingly excited about high-growth companies with the Federal Reserve lowering interest rates and the S&P 500 taking off to new all-time highs seemingly every day.

Archer Aviation, a California-based company, designs, develops, and operates eVTOL aircraft that are used in air mobility. Check out my analysis of ACHR stock.

Joby and Archer stocks surged after Needham's Buy ratings and forecasts. Learn why investors may need patience for these bullish projections to materialize.

One of the most exciting new technologies on the stock market these days is electric vertical takeoff and landing (eVTOL) aircraft. Two companies are leading the charge in the development-stage technology: Archer Aviation (NYSE: ACHR) and Joby Aviation.

Archer Aviation presents an exciting growth opportunity in the eVTOL market. If you're thinking about investing in eVTOL for the first time, read on for the ACHR stock report here.