JOBY
Joby Aviation (NYSE: JOBY) rose 4% after announcing a long-term partnership with Virgin Atlantic to...
Article Summary
HOLD- Joby Aviation (NYSE: JOBY) rose 4% after announcing a long-term partnership with Virgin Atlantic to introduce commercial air taxi services across the United Kingdom.
- The agreement, unveiled during Farnborough International Airshow, names Virgin Atlantic as Joby's exclusive airline partner for UK air taxi operations, strengthening Joby's relationship with Delta Air Lines, which owns a 49% stake in Virgin Atlantic.
- Virgin Atlantic will focus on integrating the new service into its airport operations while supporting customer adoption and marketing efforts, while Joby will remain responsible for operating the aircraft, managing the route network and obtaining all required approvals from the UK Civil Aviation Authority.
- Joby Aviation intends to begin operations from Virgin Atlantic's hubs at London Heathrow and Manchester Airport, with Manchester serving as the primary gateway for expanding services across Northern England.
- Joby expects to expand its electric air taxi network to additional cities and regional communities across the UK as the service develops.
Free users see 3 BUY signals per day. Premium unlocks all of them, plus instant email alerts.
See Plans
Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 69873.9% | 25% | 100.0 ptsExceptional (69873.9%) - Hypergrowth |
| EPS Growth Next 5Y ? | 14.8% | 25% | 35.0 ptsBelow Screener (14.8%) - Modest outlook |
| Target Price Upside ? | 43.0% | 20% | 95.0 ptsHuge Upside (43.0%) - Target: $10.94 vs Current: $7.65 |
| Gross Margin % ? | -16.1% | 15% | 10.0 ptsRazor-Thin (-16.1%) - Weak pricing power |
| Drawdown from 52-Wk High ? | -63.5% | 15% | 100.0 ptsDeep Discount (-63.5%) - Best entry opportunity |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About JOBY
- Joby Aviation, Inc., an air mobility company, engages in research, develop, test, manufacture, and sale of electric vertical takeoff and landing aircraft in the United States, Japan, Europe, and internationally.
- The company offers facilitation of passenger transportation via helicopter or fixed wing aircraft.
- It is also involved in the provision of government flight services, customer demonstration, and engineering services; and exhibition activities.
- Joby Aviation, Inc. was founded in 2009 and is headquartered in Santa Cruz, California.