Archer Aviation shares fell to a new 52-week low of $4.07 on October 15, 2026, extending a sharp decline. The stock has lost more than two-thirds of its value over the past year. The new low could prompt further selling by stop-loss orders and momentum traders.
The decline followed a Goldman Sachs price target cut on October 14. The bank lowered its 12-month target to $7 from $8, citing valuation concerns while forecasting smaller future losses for the company.
As a pre-revenue company, Archer is particularly vulnerable when investor sentiment shifts away from speculative stocks.