Shares of Archer Aviation Inc. (ACHR) are soaring 5.03% in intraday trading on Tuesday, buoyed by a positive analyst rating. The stock's significant uptick comes as Canaccord Genuity reaffirms its bullish stance on the company.

Canaccord Genuity, a respected financial services company, has maintained its Buy rating on Archer Aviation. This vote of confidence from a major analyst firm appears to be driving investor optimism, contributing to the stock's impressive gains during the trading session.

While specific details of Canaccord Genuity's analysis were not provided, the maintained Buy rating suggests that the firm continues to see potential in Archer Aviation's business model and future prospects. Investors often look to analyst ratings as indicators of a stock's potential performance, and this positive outlook from Canaccord Genuity seems to be resonating with the market.