Shares of several small capitalization aerospace and defense companies were down significantly in midday trading on Monday.

Needham gave the stock a buy rating and a price target of $11, noting that industry momentum had reached a tipping point. Analyst Chris Pierce also said its $6 billion order book thanks to customers like United Airlines gave it confidence in the stock, and it saw a path to $3 billion in annual revenue.

The Archer Aviation stock price has dived in the past few days. We explain whether the ACHR share price will rebound

Archer is developing electric vertical takeoff and landing (eVTOL) aircraft. These innovative vehicles are designed to revolutionize urban air mobility, offering a sustainable and efficient transportation alternative. The company’s approach combines advanced aeronautics with cutting-edge electric propulsion technologies.

Joby and Archer are pioneering the urban air mobility (UAM) sector, developing aircraft capable of vertical takeoff and landing, representing a potential future for short-range transportation. Both companies are targeting Federal Aviation Administration (FAA) certification by 2026,

Is today's big Archer Aviation sell-off a buying opportunity for investors worried about missing out on the stock?

It has been a turbulent 30 days in the stock market for Archer Aviation (ACHR). It could become even more whipsaw for the eVTOL air taxi maker in the days to come.