Joby Aviation Inc. (JOBY) stock surged 5.52% in pre-market trading on Thursday, driven by positive analyst sentiment and ratings upgrades.
H.C. Wainwright & Co. maintained their "Buy" rating on JOBY and reiterated their price target of $9.00 per share, expressing confidence in the company's strong financials, regulatory support, and manufacturing capabilities.
Additionally, a broader Wall Street research roundup revealed that several other analysts have recently raised their price targets or upgraded their ratings on JOBY, suggesting growing optimism about the company's prospects in the emerging urban air mobility market.
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