Why Joby Aviation Stock Jumped 86% in November

Shares of Joby Aviation (JOBY -9.38%) were soaring last month as optimism grew for the electric vertical takeoff and landing (eVOTL) industry.The primary catalyst appeared to be a buy rating from Needham, which helped legitimize the development-stage sector that also includes Archer Aviation. Joby still does not generate material revenue, and the airborne vehicles, which are similar to advanced helicopters, have yet to be commercialized, though Joby is aiming to do so in 2025.In October, the FAA also cleare ...