Shares of eVTOL leader Joby Aviation (JOBY, Financial) dropped 9% in Thursday's trading and fell to $7.2 before closing at $7.50. That's a steep fall from its prior close of $7.94. Nine million six hundred twenty-seven thousand one hundred fifty shares were traded, an increase of 10% from the average daily volume of 8,720,123 shares.

Wall Street analysts weren't quite so binary on the electric vertical takeoff and landing (eVTOL) company's stock. On September 30, Cantor Fitzgerald boosted its rating on the stock to 'overweight' with a $10.00 price target. On December 18, HC Wainwright reiterated a buy rating and a $9.00 price objective.

In contrast, JPMorgan Chase & Co. was more cautious, lowering its price target to $5.00 from $6.00 and assigning a "neutral" rating in a note dated October 29. But Canaccord Genuity Group also reduced its target price to C$9.75 from C$10.50 while retaining a 'buy' rating.

Needham & Company LLC initiated coverage on November 19 with a target price of $8.00 and a 'buy' rating. One analyst has rated the stock with a "hold" rating, while four have given a "buy" rating, for an average rating of "Moderate Buy," according to MarketBeat.com. The average target among analysts is $8.35.