H.C. Wainwright downgraded Joby Aviation (JOBY) to Neutral from Buy without as price target The firm cites valuation for the downgrade with the shares up 400% since it initiatied coverage on September 3, 2024. At current valuations, Joby is pricing in multiple near- to-mid-term catalysts related to flight testing, certifications, manufacturing ramp, and commercialization, the analyst tells investors in a research note.
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