Joby Aviation Stock

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Joby Aviation Stock

Joby Aviation Stock: What It Could Be Worth In 3 Years

Joby Aviation is a developer of eVTOL aircraft. The company went public around 5 years ago. The opening price of Joby Aviation stock was $10.62. It's been a few years, and the stock is trading below its opening price.

It's safe to say that Joby Aviation failed to maintain its momentum in the stock market. The reason is that the FAA has yet to approve Joby Aviation's first commercial flight. However, analysts think the Joby Aviation stock could skyrocket in the next 3 years.

Joby Has To Get FAA Certification

Joby S4 has seating capacity of up to 5 people. This includes 4 passengers and one pilot. This aircraft can attain a max speed of 200 miles/hour and travel up to 150 miles on one charge. One thing which makes eVTOLs different from helicopters is that they can land and takeoff in dense areas. On top of that, they are also environmentally friendly.

The S4 from Joby Aviation is also faster than most other eVTOLs. It uses a single tilt-rotor propeller for cruising and lifting.

Joby Aviation is also different from Archer. Joby plans to offer transporation services to clients. The plan is to manufacture and operate its fleet. It is more like an air taxi network. The company also focuses on 1st party components and doesn't rely on 3rd party ones.

The top supporters of Joby Aviation are Toyota, Delta Air Lines, and even Uber. So, it is clear that even big names in the industry are supporting Joby Aviation.

So, where will the Joby Aviation stock be in the next 3 years? The company needs to get its full FAA certification and then launch its flights in the UAE and USA. The company also has to fulfill its contracts with the government.

If the company manages to meet Wall Street's forecasts, its revenue could double and reach $870 million in next 3 years. This could easily put its market capitalization near $14 billion in the next 3 years. In simple words, there's a chance that Joby's market cap could double in the next 3 years.

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