It has been a turbulent 30 days in the stock market for Archer Aviation (ACHR). It could become even more whipsaw for the eVTOL air taxi maker in the days to come.

Needham gave the stock a buy rating and a price target of $11, noting that industry momentum had reached a tipping point. Analyst Chris Pierce also said its $6 billion order book thanks to customers like United Airlines gave it confidence in the stock, and it saw a path to $3 billion in annual revenue.

Archer Aviation insiders remain bullish on the eVTOL company. Several countries including Japan have partnered with ACHR.

The stock has nearly doubled over the past few weeks on optimism the company is getting closer to getting its eVTOL taxi business off the ground.

The Archer Aviation stock price has dived in the past few days. We explain whether the ACHR share price will rebound

From electric vehicles like Tesla to ride-sharing platforms like Uber Technologies, people have many different ways to get around these days. Many companies are working on electric air taxis, including publicly traded stock Archer Aviation (NYSE: ACHR).