12 Best Airport Stocks to Invest in Now

2. Joby Aviation Inc. (NYSE:JOBY)

Number of Hedge Fund Holders: 12

A vertically integrated air mobility firm, Joby Aviation, Inc. (NYSE:JOBY) is working on developing an electric vertical take-off and landing aircraft that is best suited to provide air transportation as a service in the United States and Dubai. Instead of focusing on individual ownership, the company offers transportation options as a service.

Wall Street believes that by taking advantage of strategic opportunities in the quickly expanding advanced air mobility (AAM) industry, a successful collaboration with Mukamalah Aviation in Saudi Arabia should increase Joby Aviation, Inc.’s (NYSE:JOBY) revenue. A key component of its commercialization strategy is the direct sale of aircraft to government partners like the US Department of Defense and business clients like Mukamalah.

The capital infusion should provide Joby Aviation, Inc. (NYSE:JOBY) with the necessary financial management for increased production and ongoing R&D initiatives. Successful launches in places like Saudi Arabia and Dubai should then operate as a proof of concept for the business’s eVTOL technology, possibly drawing in more partners and clients from around the globe.

As Joby Aviation, Inc. (NYSE:JOBY) builds a reputation for operating well in a variety of environments, it should be able to negotiate better terms with authorities and other possible customers. The technical expertise, market standing, and advancement in FAA certification of the firm should all continue to be strong. Recent successes for the company, such as the early delivery of its first eVTOL to Edwards Air Force Base, boost trust.