Joby Aviation Stock Hits Turbulence After 200% Rally – Will the Air Taxi Dream Take Off or Crash?
Joby Aviation shares closed at $15.60 on October 28, down 4% for the day but still up 97% year-to-date. The company raised $500 million in a surprise stock sale this month, triggering a sharp drop on dilution fears. Most analysts rate Joby a “Hold,” with an average price target of $10.50, citing lack of revenue and ongoing losses. Joby recently announced a partnership with NVIDIA to develop AI flight systems.