Should You Buy Joby Aviation Stock While It's Below $10? [Yahoo! Finance]
Joby Aviation, Inc. (JOBY)
Company Research
Source: Yahoo! Finance
It went public by merging with a special purpose acquisition company (SPAC) on Aug. 10, 2021, and the combined company's stock opened at $10.62. But today, it trades at about $8. Joby disappointed its investors by missing its own estimates. It also faced stiff competition from other eVTOL makers as rising rates compressed its valuations. But of the nine analysts who cover the stock, five rate it as a buy, three rate it as a hold, and only one rates it as a sell. Its average price target sits at $7.47, while its highest price target has been set at $10. We should always take analysts' estimates with a grain of salt, but is it a good idea to buy Joby's stock while it's still hovering below $10? Image source: Joby Aviation. A promising player in a nascent market Over the past decade, many companies started to develop eVTOL aircraft as cheaper, greener, faster, and quieter alternatives to traditional helicopters. They would also be easier to land in densely populated urban areas
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JOBY
News
- Why Is Joby Aviation, Inc. (JOBY) Among The Best TaaS Stocks To Invest In According to Hedge Funds? [Yahoo! Finance]Yahoo! Finance
- What's Coming Up for Joby Aviation in 2025? [Yahoo! Finance]Yahoo! Finance
- Meeting the Challenge of Innovation and Sustainability in AviationPR Web
- Joby Successfully Conducts First FAA Testing under TIA, Begins Final Phase of Certification Program [Yahoo! Finance]Yahoo! Finance
- Joby Successfully Conducts First FAA Testing under TIA, Begins Final Phase of Certification ProgramBusiness Wire
JOBY
Earnings
- 11/6/24 - Miss
JOBY
Sec Filings
- 12/23/24 - Form 3
- 12/19/24 - Form 4
- 12/17/24 - Form 4
- JOBY's page on the SEC website