ACHR, JOBY: Cathie Wood Invests Nearly $3M in Air Taxi Stocks — Here's What Analysts Think

ARK Invest founder Cathie Wood increased her exposure to the electric air-taxi sector on Monday, May 18, investing about $3 million in shares of Archer Aviation (ACHR) and Joby Aviation (JOBY) across her exchange-traded funds (ETFs). The latest buys came as both eVTOL (electric vertical takeoff and landing) companies continue working toward commercial air taxi launches expected in 2026.Claim 55% Off TipRanksNew trading tool for ACHR bulls Meanwhile, Wall Street analysts currently maintain mixed views on both Archer Aviation and Joby Aviation as the companies continue progressing toward commercial eVTOL launches. Here's a closer look at what analysts are saying about the two air taxi stocks. Wood Continues Expanding eVTOL Bets Archer Aviation Cathie Wood purchased 281,199 Archer Aviation shares worth about $1.7 million on Monday. The latest purchase adds to ARK's growing position in the company, even as ACHR stock remains down nearly 20% year-to-date. Archer recently reported Q1 results, with revenue coming in at $1.6 million. The company also highlighted major FAA certification progress after becoming the first eVTOL company to complete Phase 3 of the FAA's Type Certification program. Archer continues targeting a commercial launch in 2026 under the White House-backed eVTOL pilot program. Following the release of earnings results, several analysts remained upbeat about the stock. Here's a closer look at what analysts are saying: Chris Pierce (Needham): Reiterated his $9 price target with a Buy rating, as the company remains on track to begin initial flight operations in U.S. cities later this year. Amit Dayal (H.C. Wainwright): Maintained a Buy rating and his $18 price target, implying a massive 204% upside. He continues to view the stock as deeply undervalued relative to its long-term commercial potential. Austin Moeller (Canaccord Genuity): Kept his Buy rating but trimmed his target from $13 to $12 following the earnings report, adjusting for near-term market conditions while remaining confident in Archer's growth.