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Is Joby Aviation Stock a Buy Right Now?

TheMotleyFool

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Most investors see flying taxis as science fiction. But while skeptics debate whether electric vertical takeoff and landing (eVTOL) aircraft will ever move beyond tech demos, Joby Aviation (NYSE: JOBY) is assembling its first certification-ready aircraft and booking passengers for 2026 flights in Dubai. The stock is up 117% year to date as of Oct. 9, yet the company remains years from profitability.

Is Joby Aviation stock a buy right now, or is the valuation flying too high? Let's take a closer look at the eVTOL pioneer's development path, balance sheet, and core value proposition to find out.

Image source: Getty Images.

Source Fool.com

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