What Happened
Is Joby Aviation A Bargain After Recent Funding Move
Joby Aviation has filed a $750 million at-the-market follow-on equity offering, a key funding move as it advances FAA certification and prepares for commercial air taxi operations. The company’s share price has been down about 47% year to date, but analysts’ consensus price target is $10.68, implying a sizeable gap. This article by Simply Wall St provides commentary based on historical data and analyst forecasts, and does not constitute a recommendation to buy or sell any stock.