In a report released today, Andres Sheppard from Cantor Fitzgerald reiterated a Buy rating on Joby Aviation (JOBY – Research Report), with a price target of $9.00. The company’s shares opened today at $6.51.
According to TipRanks, Sheppard is an analyst with an average return of -31.0% and a 17.07% success rate. Sheppard covers the Technology sector, focusing on stocks such as Joby Aviation, Microvision, and Ideanomics.
Joby Aviation has an analyst consensus of Strong Buy, with a price target consensus of $9.00, a 38.25% upside from current levels. In a report released on June 9, Canaccord Genuity also initiated coverage with a Buy rating on the stock with a $8.00 price target.
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The company has a one-year high of $8.04 and a one-year low of $3.15. Currently, Joby Aviation has an average volume of 4.34M.
Based on the recent corporate insider activity of 95 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of JOBY in relation to earlier this year.
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Read More on JOBY:
- Joby Aviation put volume heavy and directionally bearish
- Joby Aviation call volume above normal and directionally bullish
- Joby Aviation reports Q1 EPS (19c), consensus (14c)
- Joby Aviation and Toyota expand partnership with long-term supply agreement
- Joby Aviation to deliver aircraft to Edwards Air Force Base for DoD contract
