Air mobility company Joby Aviation (NYSE:JOBY) has entered into a multi-year and multi-market partnership with Delta Airlines (NYSE:DAL) to provide home-to-airport transport for Delta customers in New York and Los Angeles.
Further, Delta is also investing $60 million in Joby and the investment could further expand to $200 million on milestone achievements.
Joby’s aircraft has had over 1,000 test flights and the partnership provides Delta customers a differentiated and seamless travel experience.
Should I Invest in JOBY Stock?
JOBY stock has declined nearly 27% over the past month and the consensus rating on the Street remains a Hold based on 4 Unanimous Holds.
Nonetheless, the average Joby Aviation price target of $7.50 points to a massive 78.15% potential upside in the stock.
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