Joby Aviation: The Growth Phase Is About To Kick In, Board This Plane
Summary
- Upgrading Joby Aviation to a buy due to major FAA certification progress and successful aircraft delivery to the UAE, signaling imminent commercialization.
- Joby leads competitors in the final phase of certification, positioning itself for early entry into the rapidly growing eVTOL market projected to reach $170B by 2034.
- Financials remain typical for a pre-revenue company, but strong cash position, low debt, and projected triple-digit revenue growth support a bullish outlook.
- I conservatively target a $27.04 price by 2029, reflecting 124% upside, while acknowledging risks from delays, competition, and regulatory uncertainties.
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