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Joby Aviation: Held Back By Untimely Capital Raises

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  • Joby Aviation is deeply undervalued at $7, despite strong progress toward eVTOL certification and air taxi launch.
  • The potential $750M ATM capital raise, linked to the $500M Resonant Sciences acquisition, pressures the stock but adds a $100M+ revenue defense unit.
  • JOBY is on track for a $2B revenue target by 2030, with near-term catalysts including eIPP services in Dallas-Fort Worth and Dubai.
  • Certification delays and ongoing capital raises remain key risks, but current weakness offers a compelling buying opportunity.
Joby Aviation, Inc. (JOBY) appears to have a bright future, but the company can't stop making untimely capital raises. The stock trades at multi-year lows despite the progress towards eVTOL certification and air taxi launch. My investment thesis remains ultra Bullish on the stock trading around $7, but Joby Aviation is unlikely to rally as long as the company constantly raises capital regardless of the stock price.


Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 

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