Joby Aviation Stock Is Down 54% This Year. Here's Why I'd Buy It Before 2027.
After this year's brutal sell-off, Joby looks poised for a rebound.
Overview
No U.S. company is closer to commercializing an electric air taxi than Joby Aviation (NYSE: JOBY). And yet in a market that is one of the most expensive in history, Joby's stock has been moving in the opposite direction.
There isn't one reason Joby stock has lost over half its value on the year. Most likely, cash burn, dilution, rising operating expenses, uncertainty around its FAA type certification, and a blistering-high valuation have collectively cooled Wall Street's enthusiasm. Add to that stubborn inflation, rising bond yields, geopolitical turmoil, and now an interest rate hike, and investors have plenty of reasons to shy away from a speculative growth stock like Joby.
Details
If you're looking for a safe, secure, and relatively stable stock, Joby is probably not for you. But for aggressive investors who are willing to risk substantial downside in pursuit of potentially massive returns, here's why Joby might be a stock to watch in 2027.
Source
Originally published at www.fool.com.