Archer Aviation (ACHR) is a frontrunner in eVTOL air taxis, and Morgan Stanley analysts see a potential multi-trillion-dollar market. Several analysts have set double-digit price targets, such as Amit Dayal's $18 against today's $4.25 share price, while Cathie Wood's Ark Invest recently bought a stake worth about $4.5 million. The author, an Archer investor who expects the stock to grow substantially over the next decade, argues the $18 target is overly optimistic and could lead investors to expect quick, enormous returns. A 2021 Morgan Stanley report warned that widespread adoption might not come until 2040, so Archer's biggest opportunity could take decades to materialize. The author sees the stock as a speculative position worth holding only by investors who can stay invested for a very long time.
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