Joby Aviation (JOBY) recently priced a $1.2 billion stock and notes package for certification and production ramp plans, leading to a selloff. ARK Invest bought about 780,000 Joby shares as they see potential in autonomous and urban-air themes. Joby is working on an all-electric VTOL aircraft for urban travel, partnering with Uber and Toyota. Despite a recent dip in stock price, Joby’s revenue has risen and the company remains optimistic about its progress and future plans. Analysts caution that Joby’s valuation is high, and success is crucial for maintaining stock value.

ARK Invest’s Cathie Wood purchased over 781,000 Joby shares worth $10.45 million during a stock dip, showing confidence in the long-term potential. Joby’s revenue increased significantly, though net losses also rose due to heavy spending on development and integration. Joby emphasized its strong balance sheet and operational milestones achieved. Analysts have mixed opinions on Joby stock, highlighting the importance of execution for future stock performance.

Read more at Barchart: Cathie Wood Keeps Buying Joby Aviation Stock. Should You?