Joby Aviation Stock Gains After Morgan Stanley Coverage - Read Why - Joby Aviation (NYSE:JOBY)

Morgan Stanley analyst Kristine Liwag initiated Joby Aviation Inc JOBY with an Overweight rating and a price target of $16, implying an upside of 65.55%.
Liwag sees a wide range of potential outcomes for the company depending on its ability to execute and the regulatory environment but believes the risks are skewed to the upside.
She states that Joby is a first mover to address the urban air mobility market, with a total addressable market of $1 trillion in 2040 and $9 trillion in 2050.
Joby Aviation and NASA recently joined forces to study the acoustic signature of the all-electric Joby aircraft, which the company intends to operate as part of a commercial passenger service beginning in 2024.
Price Action: JOBY shares are trading higher by 8.38% at $10.48 during the premarket session on Thursday.

Momentum90.51

GrowthNot Available

QualityNot Available

Value0.14

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Joby Aviation Stock Gains After Morgan Stanley Coverage - Read Why