Joby Aviation Plummeted Today -- Is the Stock a Buy Right Now?

Joby Aviation (NYSE: JOBY) stock hit turbulence in Thursday's trading. The electric vertical takeoff and landing (eVTOL) company's share price closed out the daily session down 9% and had been off as much as 10.8% earlier in the session.Joby's valuation saw big pullbacks today as two analysts weighed in with cautious coverage on the stock. H.C. Wainwright lowered its rating on Joby from buy to neutral, with the firm's analysts citing valuation concerns on the heels of recent gains as a key rationale for the ranking shift. Canaccord also published new coverage on Joby today, downgrading its rating on the stock from buy to hold despite raising its one-year price target on the stock from $12 per share to $17 per share. The stock closed out today's trading at $17.25 per share. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool