JOBY looks like a bottoming pattern here. Even the bears at
Morgan Stanley have a $16 price target on it this year. Trading at
$9 here is hilarious. Long term they favor $45-60 per share on the
stock.
Joby purchased Ubercopter a while back and retained the talent.
They are the only approved provider out there with thousands of
test flights. The big money is in, Toyota invested $640 million,
will be building the planes, and executives don't bonus until the
stock hits $50. This is part of the future travel solution,
electric plane transportation. Quiet as a drone and studies proven
by NASA. I've posted prior about it. Great long term risk/reward.
I'm long some warrants and would happy to add, though don't think
its going a lot lower barring a general stock market
crash.
A rare situation indeed.
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JOBY looks like a bottoming
Posted by fundamentalvalues on 7th of Oct 2021 at 10:08 am
JOBY looks like a bottoming pattern here. Even the bears at Morgan Stanley have a $16 price target on it this year. Trading at $9 here is hilarious. Long term they favor $45-60 per share on the stock.
Joby purchased Ubercopter a while back and retained the talent. They are the only approved provider out there with thousands of test flights. The big money is in, Toyota invested $640 million, will be building the planes, and executives don't bonus until the stock hits $50. This is part of the future travel solution, electric plane transportation. Quiet as a drone and studies proven by NASA. I've posted prior about it. Great long term risk/reward. I'm long some warrants and would happy to add, though don't think its going a lot lower barring a general stock market crash.
A rare situation indeed.