Joby Aviation: Buyers Are Back, Breaking Apart The Bearish Setup (Upgrade)
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JR ResearchInvesting Group LeaderFollow5ShareSavePlay(8min)Comment(1)SummaryJoby Aviation has seen selling pressure subside considerably, with buyers supporting shares above the $12 level and maintaining upward momentum.JOBY's Q3 earnings and progress toward FAA certification have shifted market focus to commercialization milestones and a potentially enterprising 2026.With $978 million in cash and cash burn guidance of $500 million–$540 million, JOBY is solidly funded through 2026, redirecting attention from near-term liquidity risks.I have decided to upgrade JOBY to a 'Buy,' viewing current momentum and commercialization progress as a speculative but compelling opportunity, despite high valuation multiples and ongoing cash burn. adventtr/E+ via Getty Images I thought the bears were swirling for fodder as Joby Aviation, Inc. (JOBY) shares suffered an unceremonious bear market wave in the summer, but the wave of selling appears to have subsided. Incredibly, JOBY bottomed ahead of the $12.15 zone in November, which alsoThis article was written byJR Research45.69K FollowersFollowJR Research is an opportunistic investor. He was recognized by TipRanks as a Top Analyst. He was also recognized by Seeking Alpha as a "Top Analyst To Follow" for Technology, Software, and Internet, as well as for Growth and GARP. He identifies attractive risk/reward opportunities supported by robust price action to potentially generate alpha well above the S&P 500. He has also demonstrated outperformance with his picks. He focuses on identifying growth investing opportunities that present the most attractive risk/reward upside potential. His approach combines sharp price action analysis with fundamentals investing. He tends to avoid overhyped and overvalued stocks while capitalizing on battered stocks with significant upside recovery possibilities. He runs the investing group Ultimate Growth Investing which specializes in identifying high-potential opportunities across various sectors. He focuses on ideas that has strong growth potential and well-beaten contrarian plays, with an 18 to 24 month outlook for the thesis to play out. The group is designed for investors seeking to capitalize on growth stocks with robust fundamentals, buying momentum, and turnaround plays at highly attractive valuations. Learn moreAnalyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.Recommended For You