There's a bit of a stir around flying taxis at the moment. Once the premise of science fiction, they are now attracting the attention of some very big hitters on Wall Street. Among them is billionaire hedge fund investor Izzy Englander, who obviously has one eye on the spectacular growth numbers the air taxi sector is looking at over the next five years.
Below we include five stocks for investors to watch this year in the market, among them two of Englander's bets, but there are more out there. In this article I'm also including a percentage quality rating based on the data we provide our AT+ data subscribers.
Archer Aviation [NYSE:ACHR] : 95%
It's hard to ignore Archer Aviation's +156% stock price again over 12 months, although much of that surge came towards the end of last year. The stock price had been losing momentum over March and April. This is a stock which still demonstrates the potential for significant upside and is well worth keeping tabs on. Archer Aviation designs and develops aircraft for the commercial and defence sector, but notably has been working in the eVTOL sector and on urban air mobility. It also plans to provide direct to consumer aerial ride share services.
Joby Aviation [NYSE:JOBY] : 70%
Joby Aviation is another company leading the charge in the air taxi market, and shares have been solidly bid up since May. The 12 month gain alone is 211%! That said, I think the stock could easily break $20. Joby is a large cap vertically integrated air mobility company, again active in eVTOL in both the USA and Dubai. It is focused on building an air ride sharing service as well as an app-based platform that will enable consumers to book rides. The shares have been sold down recently following the company's last set of numbers, which included a 46% drop in revenues, hence it is being scored lower than Archer.
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