Joby Aviation price target raised to $11.50 from $9.75 at Canaccord

Canaccord analyst Austin Moeller raised the firm’s price target on Joby Aviation (JOBY) to $11.50 from $9.75 and keeps a Buy rating on the shares. The firm believes we are witnessing the dawn of a transformative era inenergy investment; the beginnings of a supercycle reminiscent of the communications revolution that occurred decades ago.The strong demand for green sources of energy to power AI is unlikely to falter making clean energy investments into our grid essential.