Joby Aviation Stock Is Down 54% This Year. Here's Why I'd Buy It Before 2027.
After this year's brutal sell-off, Joby looks poised for a rebound.
Joby Aviation, a U.S. company on the verge of commercializing electric air taxis, has seen its stock plummet by 54% this year. Despite being one of the most expensive markets, the stock has trended downwards. Several factors may be contributing to this decline, including high cash burn, dilution, increasing operating expenses, and uncertainty about its FAA type certification. Moreover, the stock's high valuation has dampened investor enthusiasm.
Additional challenges include persistent inflation, rising bond yields, geopolitical tensions, and recent interest rate hikes. These factors have made Joby a less appealing option for many investors seeking stable, secure stocks. However, for aggressive investors willing to accept significant downside in hopes of substantial returns, Joby could be a stock to watch in 2027.
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