2024-04-08 03:37:32 ET
Summary
- Joby has the potential to become the “Uber” of the eVTOL industry, thanks to its first mover advantage in the industry.
- Joby’s vertically integrated business model could allow it to benefit from the growth of the eVTOL industry by selling systems and components to future industry players.
- Joby’s Part 145 Certificate will be cost-efficient when its aircraft require maintenance in the future.
- My price target for Joby is $12.39 per share by 2029, representing 152% upside.
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Joby Aviation: First Mover Advantage Could Lead To Lofty Returns