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Is Archer Aviation Stock a Buy?

TheMotleyFool

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Is Archer Aviation Stock a Buy?: https://g.foolcdn.com/editorial/images/838275/gettyimages-1581627031.jpg

Archer Aviation (NYSE: ACHR) stock has jumped 32% since the start of October. The catalyst? The electric vertical takeoff and landing (eVTOL) aircraft maker bought an insolvent competitor's patent collection, widening the company's competitive moat.

Flying taxis still sound futuristic, but Archer is building real aircraft and signing real deals. The question is whether paying a massive premium (more on this below) makes sense for a company that still needs Federal Aviation Administration (FAA) approval to carry passengers.

Is the stock still a buy after its latest rally? Below, I'll break down the recent developments to find out.

Source Fool.com