Archer Aviation shares rose 4.79% on Tuesday to close at $5.69, extending a broader rebound across technology and electric vertical takeoff and landing stocks. The company’s Midnight eVTOL (electric vertical takeoff and landing) aircraft is scheduled for public demonstrations at the California International Air Show in Salinas on September 26 and 27, 2026. The flights are part of Archer’s No Roads campaign, which is intended to showcase routes relevant to future commercial operations. Earlier in September, Midnight completed roundtrip regional test flights between Salinas Municipal Airport and Hollister Municipal Airport, covering more than 40 miles at speeds of up to 125 mph, with each leg taking about 12 minutes. Archer says the route typically takes 40 minutes or longer by road. The company is conducting the operations with Federal Aviation Administration (FAA), the U.S. aviation regulator, oversight. Analysts cited by MarketBeat and TipRanks see longer-term upside, with average price targets near $11.50 and $11.60, respectively. However, Archer remains a speculative, development-stage and pre-revenue aviation company: it reported $5 million in quarterly revenue in August while continuing to operate at a loss. Certification, capital needs, manufacturing expansion and commercial deployment remain key risks, while the stock’s 3.23 beta highlights its volatility.