Prediction: Here's What a $5,000 Investment in Joby Aviation Will Be Worth in 3 Years
This little eVTOL maker still has plenty of upside potential.
Overview
Joby Aviation (NYSE: JOBY), a developer of electric vertical take-off and landing (eVTOL) aircraft, went public through a merger with a special purpose acquisition (SPAC) company five years ago. Its stock opened at $10.62 on the first day, but it now trades at less than $7.
Joby's stock failed to take off because the Federal Aviation Administration (FAA) hasn't approved its first commercial flights yet. But over the next three years, it could skyrocket.
Image source: Joby Aviation.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.