Joby Aviation is showing strong growth potential, with recent funding and operational milestones. The company's stock is currently trading around $16.30, up 65% year-to-date and 235% over the last three years. Analysts maintain a 'Hold' rating with a price target of $22.00, suggesting a potential upside of over 35%. The key growth catalyst is the company's progress towards FAA certification for passenger operations, expected this year. However, the high valuation and significant cash burn rate are risks investors should consider, as any delays in certification or operational execution could lead to a sharp stock price decline. The company's ability to scale manufacturing and achieve profitability in a competitive and highly regulated market remains a key factor for future success.