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 energy and transportation sectors have seen massive disruption in the 21st century. From electric vehicles like Tesla to ride-sharing platforms like Uber Technologies, people have many different ways to get around these days.

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