Jim Cramer Say's Believes "Joby is ahead of Boeing" in Vertical Takeoff

Joby Aviation, Inc. (NYSE:JOBY) is one of the stocks that Jim Cramer weighed in on. Cramer made some positive comments on 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.”

Joby (NYSE:JOBY) is developing electric vertical takeoff and landing aircraft for aerial ridesharing services. The company also plans to provide an app-based platform for booking air transportation.

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