In a report released today, Andres Sheppard from Cantor Fitzgerald maintained a Buy rating on Joby Aviation (JOBY – Research Report), with a price target of $9.00. The company’s shares opened today at $6.48.
Sheppard covers the Technology sector, focusing on stocks such as Microvision, Ideanomics, and Ouster. According to TipRanks, Sheppard has an average return of -29.5% and a 15.38% success rate on recommended stocks.
Currently, the analyst consensus on Joby Aviation is a Strong Buy with an average price target of $9.00, a 38.89% upside from current levels. In a report released today, Canaccord Genuity also initiated coverage with a Buy rating on the stock with a $8.00 price target.
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Based on Joby Aviation’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $113.39 million. In comparison, last year the company had a GAAP net loss of $62.32 million
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