$500 Invested in Joby Aviation Today Could Be Worth This Much in 3 Years
It seems like Joby is finally moving from prototype to real-world operations, creating a potential path for significant upside on a $500 investment.
Overview
If Joby Aviation (NYSE: JOBY) ever grows into the business it is trying to build, today's price will probably look like a footnote. The stock is trading near $6.40, its 52‑week low, and well below the one-year high of just under $20. That means $500 today buys roughly 78 shares. If the market simply decided Joby deserved to trade back at $20 in three years, those same shares would be worth about $1,560.
That is the math. Let's get into what the company does.
Details
For years, Joby's aircraft ideas lived on test ranges where the only neighbors were birds and engineers. Joby is building electric air taxis that can turn hours-long ground trips into 10-minute flights. Joby used to be one of the "if only" companies that investors would look at and dream of its potential. I think all that is starting to change.
Source
Originally published at www.fool.com.