Joby Aviation Surges to New High with Jim Cramer's Support

Investor Jim Cramer supports Joby Aviation (JOBY) shares, stating he “won’t fight” the recent upward momentum. The stock has surged over 100% in the last three months. Cramer’s endorsement is crucial as he’s widely followed, potentially boosting investor confidence. Analysts like Amit Dayal also share optimism, but caution is advised due to high valuation compared to rivals like Archer Aviation (ACHR). Wall Street currently rates JOBY stock as “Hold” with a mean target of $8.25, indicating a potential downside of 30%.

Read more at Yahoo Finance: As Joby Aviation Hits a New 52-Week High, Jim Cramer Says He Won’t ‘Fight’ the Rally