Joby Aviation Positioned For Air Taxi Leadership, Thanks To FAA Backing And Uber Partnership: Analyst

Needham analyst Chris Pierce initiated coverage on Joby Aviation, Inc. JOBY at a Buy rating with a price target of $8.The analyst says the company is well-positioned to capture early air taxi market share, supported by its partnership with Uber following the 2020 acquisition of Uber Elevate.JOBY’s focus on software, particularly the ElevateOS platform, is encouraging as it lays the foundation for their future air taxi network, adds the analyst.Pierce says that he is optimistic about FAA air taxi regulation ...