Jim Cramer on Joby: “Let’s Go Buy It”

Joby Aviation, Inc. (NYSE:JOBY) is one of the stocks on Jim Cramer’s radar. During the episode, a caller inquired about the company, and Cramer said:

“Okay, I know Joby. I recommended it [at] 7. Now, remember Joby did buy a part of Blade that I think is an expensive part, which is consumer. I do believe that what they should do is raise money. If I were them, I would do a gigantic equity offering. And if you did that, then I would say that… that’s what you have to do. You have to strike when the iron’s hot. Let them, they offer some stock, or let it come in. But I’m with you… I see where it’s going. Let’s go buy it.”

A futuristic electric vertical takeoff and landing aircraft soaring through the sky.

Joby Aviation, Inc. (NYSE:JOBY) develops electric vertical takeoff and landing aircraft for aerial ridesharing services. The company is also creating an app-based platform for booking air transportation. In a July episode, Cramer mentioned the company and said:

“Same with Joby Aviation, known to some as the flying car company. I was hesitant to say anything positive about this one. It had gone straight up for six to eight bucks, but then I read that Boeing had a flying car too, one with a vertical takeoff feature, and I believe that Joby is ahead of Boeing, so I recommended it on a small pullback. Next thing you know, the stock’s at 17 and change, more than a double. Again, the parabola fear, wrong.”

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Disclosure: None. This article is originally published at Insider Monkey.