#1 - Joby Aviation (NYSE:JOBY)
Joby Aviation Inc. (NYSE: JOBY) is the leading name in the eVTOL sector. A key reason for that is that it's the furthest down the path toward certification by the United States Federal Aviation Administration. The company has completed three of the five certification stages and has started the certification process for the fourth and fifth stages.
Joby's existing contracts with the U.S. Department of Defense (DOD) have it set to deliver aircraft to MacDill Air Force Base in 2025, and the company expects to start commercial operations in 2026.
Joby's cash burn continues to be significant—but that's not unusual for a company at this stage. At the end of 2024, the Joby had approximately $1 billion of cash on hand, not including an expected $500 million investment from Toyota Motor Co. (NYSE: TM).
About Joby Aviation
Joby Aviation, Inc, a vertically integrated air mobility company, engages in building an electric vertical takeoff and landing aircraft optimized to deliver air transportation as a service. The company intends to build an aerial ridesharing service, as well as developing an application-based platform that will enable consumers to book rides.
More about Joby Aviation- Current Price
- $6.88
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 4 Buy Ratings, 0 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $8.90 (29.5% Upside)
