Think It's Too Late to Buy Joby Aviation? Here's the Biggest Reason Why There's Still Time.

Flying some 33% higher over the past year, shares of Joby Aviation (NYSE: JOBY) have gained more altitude than the S&P 500, which has climbed about 22%. Growth investors who have had the air taxi stock on their radars consequently may conclude that its recent ascent means it's unlikely to continue flying higher.However, this is hardly the case. In fact, there are good reasons for investors to still believe that shares of Joby Aviation can soar even higher into the wild blue yonder. Here's why.Clearly, investors felt motivated to click the buy button on Joby stock for most of 2024 in response to the company's numerous noteworthy achievements. What potential investors may be missing, though, is that Joby hasn't even commenced commercial operations yet. In its Q3 2024 shareholder letter, Joby projected it will start commercial operations as soon as the end of 2025.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool