Jim Cramer Says Joby Aviation Is ‘Good’ And He’s Going With It – ARM Holdings (NASDAQ:ARM), Joby Aviation (NYSE:JOBY)

On CNBC’s “Mad Money Lightning Round,” Jim Cramer said Joby Aviation, Inc. JOBY is “good” and he is going with it.

In support of his view, HC Wainwright & Co. analyst Amit Dayal maintained Joby Aviation with a Buy rating on June 9 and raised the price target from $9 to $13.

“You’re in good shape. That’s Rene Haas [CEO of ARM Holdings],” Cramer said when asked about Arm Holdings plc ARM. “He is a partner of Nvidia NVDA.”

Benchmark analyst Cody Acree, on June 9, reiterated ARM Holdings with a Hold rating.

When asked about Papa John’s International, Inc. PZZA, Cramer said it is a “wait and see situation with [Todd] Penegor [CEO of Papa John’s Pizza].”

• Massive Demand & Disruptive Potential – Boxabl has received interest for over 190,000 homes, positioning itself as a major disruptor in the housing market.
• Revolutionary Manufacturing Approach – Inspired by Henry Ford’s assembly line, Boxabl’s foldable tiny homes are designed for high-efficiency production, making homeownership more accessible.
• Affordable Investment Opportunity – With homes priced at $60,000, Boxabl is raising $1 billion to scale production, offering investors a chance to own a stake in its growth.

On the earnings front, the company reported first-quarter adjusted earnings per share of 36 cents on May 8, beating the analyst consensus estimate of 35 cents. Quarterly sales of $518.31 million (up 1% year over year) outpaced the Street view of $513.55 million.

Price Action:

• Joby shares gained 2.3% to settle at $9.44 on Tuesday.
• Arm gained 1.5% to settle at $140.63 on Tuesday.
• Papa John’s shares fell 4.6% to close at $48.20.

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Image was created using artificial intelligence via Midjourney.