Reported 1 day ago
Joby Aviation, a developer of electric vertical takeoff and landing aircraft, has struggled since its public debut, currently trading around $8 after initially opening at $10.62. Despite some backing from major investors and contracts with the U.S. Department of Defense, the company has missed its revenue targets and faces stiff competition. Analysts are divided, with some recommending a buy, while others advise caution, citing a premium valuation compared to competitors. Overall, while Joby shows potential in a growing market, its past performance raises concerns about its investment appeal at present.
Source: YAHOO