Joby Aviation price target raised to $6 from $5 at JPMorgan

JPMorgan raised the firm’s price target on Joby Aviation to $6 from $5 and keeps a Neutral rating on the shares as part of a Q2 earnings preview for the clean tech space. Sentiment among institutional investors remains muted on clean tech stocks broadly heading into earnings with elevated short interest pervasive across the sector, the analyst tells investors in a research note. While not expecting any Q2 earnings surprises, the firm thinks investors could remain on the sidelines until concerns on company execution and balance sheet abate and/or policy support become clearer.