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Analysts Offer Insights on Industrial Goods Companies: Surf Air Mobility, Inc. (SRFM) and Joby Aviation (JOBY)

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Surf Air Mobility, Inc. (SRFMResearch Report) and Joby Aviation (JOBYResearch Report) with bullish sentiments.

Surf Air Mobility, Inc. (SRFM)

In a report released yesterday, George Gianarikas from Canaccord Genuity maintained a Buy rating on Surf Air Mobility, Inc., with a price target of $3.00. The company’s shares closed last Tuesday at $1.24, close to its 52-week low of $1.10.

According to TipRanks.com, Gianarikas ‘ ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -19.4% and a 28.4% success rate. Gianarikas covers the Industrial Goods sector, focusing on stocks such as Dragonfly Energy Holdings Corp, Lion Electric Company, and Generac Holdings.

Surf Air Mobility, Inc. has an analyst consensus of Strong Buy, with a price target consensus of $3.54.

See Insiders’ Hot Stocks on TipRanks >>

Joby Aviation (JOBY)

In a report released yesterday, Austin Moeller from Canaccord Genuity maintained a Buy rating on Joby Aviation, with a price target of $11.00. The company’s shares closed last Tuesday at $5.78.

According to TipRanks.com, Moeller has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -16.9% and a 32.0% success rate. Moeller covers the Industrial Goods sector, focusing on stocks such as Intuitive Machines, Vertical Aerospace, and Archer Aviation.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Joby Aviation with a $8.67 average price target, implying a 48.0% upside from current levels. In a report issued on November 13, Cantor Fitzgerald also reiterated a Buy rating on the stock with a $10.00 price target.

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