1 Magnificent Aviation Stock Down 24% to Buy and Hold Forever
Archer Aviation still looks like a promising long-term investment.
Archer Aviation (NYSE: ACHR), a builder of electric vertical take-off and landing (eVTOL) aircraft, went public by merging with a special purpose acquisition company (SPAC) on Sep. 17, 2021. Its stock opened at $9.40 on its first day but sank to an all-time low of $1.63 on Dec. 27, 2022 as it missed its pre-merger estimates, and rising interest rates squeezed its valuations.
But Archer's business stabilized as it delivered its first aircraft and secured new partnerships, and its stock closed at a new record high of $13.30 per share on May 16, 2025. It's pulled back about 24% since then, but I think it could still be a great stock to buy and hold forever.
Image source: Archer Aviation.
