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Why Archer Aviation Stock Soared 17.2% Higher in April

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Archer Aviation ( NYSE : ACHR ), for example, ascended 17.2% higher in April .

Archer Aviation revealed its vision for operating an air taxi network in and around New York City .

Officials in the United Arab Emirates approved infrastructure plans to support Archer 's future operations in Abu Dhabi .

Needham analyst Chris Pierce reiterated a buy rating on Archer stock on April 21 and maintained a $ 13 price target.