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The upgrade and substantial target-price gap are bullish, though this is an analyst opinion rather than a company fundamental update.
What happened, with direct paths to the underlying reporting
Canaccord upgraded JOBY to Buy with a $7 target versus the posted price of $5.05, implying roughly 39% target upside.
Target: $7
Posted price: $5.05
Analyst firm: Canaccord Genuity
Analyst: Austin Moeller
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