** Shares of Joby Aviation JOBY.N up 5% at $7 premarket
** JOBY said on Tuesday it expects Type Inspection Authorization flight testing to begin in next 12 months
** Co added that it plans to deliver an aircraft to Dubai in the middle of 2025 to complete flight testing
** JOBY also said it received more than $1 billion of additional funding and commitments in Q4
** J.P.Morgan cuts PT to $5 from $6, maintains "underweight"
** "Commercial launch in Dubai faces risk of further delay and certification appears to be progressing well, supported by a manufacturing ramp up for conforming parts," brokerage says
** Needham says JOBY has continued to make progress towards FAA certification and passenger flight in UAE is still largely on track
** JOBY stock rose 22.2% in 2024
(Reporting by Anshuman Tripathy)
((Anshuman.Tripathy@thomsonreuters.com))
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