Form 144 Joby Aviation, Inc. Filed by: Sciarra Paul Cahill
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Deutsche Bank Cautious on Joby Aviation Inc (JOBY): 'Mixed reactions to $500m cap raise', Shares Up 25pct Today
October 2, 2024 1:55 PM EDTDeutsche Bank analyst Edison Yu reiterated a Sell rating and $4.00 price target on Joby Aviation Inc (NYSE: JOBY)
The analyst comments "Joby announced a large $500m private placement from Toyota via two tranches of equal value with the first portion set to close later this year and the second in 2025 (pending certain regulatory hurdles and manufacturing arrangements). Pricing came in $5.03 for 99.4m shares vs.... More
