On October 28, Joby Aviation, Inc. recorded an Intraday Rise of 7.78% in Regular Trading, with shares trading at $5.045 and turnover of $60.025 million.
The most recent market-moving backdrop in the available information was a sell-side reset: Morgan Stanley cut its price target on October 16 to $10 from $13, following Barclays' downgrade on October 9 to underweight from equalweight.
Those analyst actions reflected a more cautious stance toward the stock, even as consensus data still showed an average rating of hold and a mean price target around $10.19, well above the current share price. Earlier operating updates included a $45 million Air Force contract modification, the first autonomous cross-country flight across the US, and second-quarter revenue of $38.6 million that beat expectations, though EPS missed estimates. The next earnings release is scheduled for November 4.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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