Joby Aviation stock set to snap 5-week slide on FAA milestone
Joby Aviation shares rose, snapping a five-week losing streak after beating Q4 revenue estimates. CEO JoeBen Bevirt confirmed the first FAA-conforming aircraft is ready. HC Wainwright noted progress on certification milestones. However, JPMorgan warned of rising cash burn, while one analyst maintains a 32% downside view despite the partnership with Uber.