Canaccord Lowers Price Target on Joby Aviation to $11.5 Amid Q1 Earnings Report
On May 7, Canaccord analyst Austin Moeller reduced the price target for Joby Aviation (JOBY) from $15.5 to $11.5 while maintaining a Hold rating following its Q1 earnings report on May 5. The company reported revenue of $24 million in Q1 and ended with strong cash reserves of $2.5 billion.
Tickers: $JOBY
Topics: Canaccord Genuity Earnings Results FAA Certification Progress Joby Aviation