#1 - Joby Aviation (NYSE:JOBY)
Joby Aviation Inc. (NYSE: JOBY) is the leading name in the eVTOL sector. A key reason for that is the company is the furthest down the path toward certification by the United States Federal Aviation Administration.
The company has completed three of the five certification stages required by the FAA and has started the certification process for the fourth and fifth stages. The company expects to start commercial operations in 2026. Joby also has existing contracts with the U.S. Department of Defense (DOD) that will have it delivering aircraft to MacDill Air Force Base in 2025.
The caution regards the company’s cash burn, which continues to be significant. Still, that’s not unusual for a company at this stage. And at the end of 2024, the company 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.
Read More - Current Price
- $8.26
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 4 Buy Ratings, 0 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $9.30 (12.7% Upside)
