BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Cantor Downgrades Joby Aviation Amid Short-Term Uncertainty
Cantor Downgrades Joby Aviation Amid Short-Term Uncertainty
16
3
Cantor Fitzgerald cut Joby Aviation (JOBY) to Hold from Buy, citing limited near-term upside despite the stock''s 26.5% monthly rally. The $9 target reflects caution after an 8% single-day drop post-downgrade. Year-to-date gains of 9.1% stem from Trump-era policies accelerating eVTOL adoption and a potential $1B Saudi distribution deal.
Regulatory tailwinds persist—a U.S. executive order mandates faster eVTOL integration, benefiting Joby and peers like Archer Aviation. Middle Eastern expansion plans via the Abdul Latif Jameel MoU underscore long-term potential, but Cantor''s Andres Sheppard sees near-term valuation ceilings.
By:
Previous
Geopolitical Tensions Trigger Market Turmoil as Investors Flee to Safe Havens
Next
Gotbit Crypto News: $23M Scam Busted, CEO Jailed, Firm Shut
