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They've been dropping like flies. In just the last 3 months, air taxi hopefuls Lilium Air Mobility and Volocopter filed for insolvency.
When big names like Intel Corp INTC, Airbnb Inc ABNB, and Joby Aviation Inc JOBY land on JPMorgan's short ideas radar, it's worth a closer look.
JPMorgan shifted gears on air mobility stocks Archer Aviation Inc ACHR and Joby Aviation Inc JOBY, downgrading them despite strong sector enthusiasm.
With JOBY shares moving north, we asses the investment worthiness of the stock at the current levels.
Shares of electric vertical take-off and landing (eVTOL) companies Archer Aviation Inc (NYSE: ACHR) and Joby Aviation Inc (NYSE: JOBY) are tumbling this morning after bearish notes from JPMorgan.
George Tsilis takes another look at Joby Aviation (JOBY). The company gained ground in the market since the last time he talked about the stock, thanks to its new partnership with Delta Airlines (DAL).
Joby Aviation raised substantial capital in Q4, boosting its cash access to $1.4 billion, and is progressing towards FAA certification and international expansion. The company is constructing facilities in Ohio and Dubai, with plans for a 4-vertiport network in Dubai, aiming for a 2025 launch. Investors should be cautious, as any FAA certification delays could impact the stock; consider holding additional capital for potential cheaper entry points.
Joby Aviation stock price continued its strong momentum, reaching a high of $10.72, its highest level since July 2023. It has surged by over 130% from its lowest level in 2024, pushing its market cap to over $7.52 billion.
Joby Aviation's stock remains speculative; it has the potential for high stock returns if it succeeds in commercial operations. The company has made significant progress toward FAA certifications, including Part 135, Part 141, and ElevateOS, but still requires type certification for its eVTOL aircraft. JOBY's financials show minimal revenue and high R&D costs; future profitability depends on consumer demand for air taxis, the company's ability to scale operations, and the right pricing strategy.