H.C. Wainwright analyst Amit Dayal has maintained their neutral stance on JOBY stock, giving a Hold rating on November 21.
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Amit Dayal has given his Hold rating due to a combination of factors surrounding Joby Aviation’s current market position and future prospects. While Joby Aviation demonstrated significant progress at the Dubai Air Show, including successful flight demonstrations and plans for new vertiport locations, there are still numerous risks that temper enthusiasm for the stock.
The risks include potential dilution, challenges in market adoption, supply chain issues, and technological hurdles. Furthermore, the company faces execution and regulatory risks, alongside competition and reputation challenges. These factors, combined with uncertainties in the macroeconomic and geopolitical landscape, contribute to the Hold rating, suggesting that while there is potential, caution is warranted at this stage.
Dayal covers the Industrials sector, focusing on stocks such as Plug Power, Joby Aviation, and Vertical Aerospace. According to TipRanks, Dayal has an average return of -3.9% and a 32.52% success rate on recommended stocks.
In another report released on November 21, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $13.00 price target.