Goldman Sachs Reaffirms Hold Rating on Archer Aviation with $8 Target Price
Goldman Sachs analyst Noah Poponak has reaffirmed his 'hold' rating for Archer Aviation (ACHR.US) and maintained a target price of $8. This decision is based on Poponak's past performance, which includes a success rate of 54.2% and an average return of 7.7% over the past year, according to data from TipRanks.
The analyst's ratings are evaluated by TipRanks, which calculates the success rate and average returns based on the virtual portfolios established by the analysts' recommendations. A successful rating is one in which the portfolio earns a positive return from the stock.