Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Joby Aviation's third-quarter 2025 earnings call highlighted several key developments and financial outcomes for the company.</li><li>From a neutral perspective, Joby Aviation presented significant progress, accomplishments, and challenges that shape an investment thesis surrounding the potential and hurdles in the eVTOL (electric vertical take-off and landing) industry.</li><li>A significant positive from the earnings call is Joby Aviation's advancements in their aircraft certification process.</li></ul>

Joby Aviation's third-quarter 2025 earnings call highlighted several key developments and financial outcomes for the company.From a neutral perspective, Joby Aviation presented significant progress, accomplishments, and challenges that shape an investment thesis surrounding the potential and hurdles in the eVTOL (electric vertical take-off and landing) industry.A significant positive from the earnings call is Joby Aviation's advancements in their aircraft certification process.

Joby Aviation Takes Off in Dubai—Could This Global Power Move Redefine Urban Air Mobility?

Smartkarma AI, Smartkarma

αSK

Smartkarma AI

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

<ul>
 <li>
<a href="https://smartkarma.com/entities/joby-aviation-inc">Joby Aviation </a>is a pre-revenue company at the forefront of the emerging electric vertical takeoff and landing (eVTOL) aircraft market, aiming to revolutionize urban transportation with an on-demand aerial ridesharing service.</li>
 <li>The company has made significant progress towards Federal Aviation Administration (FAA) certification for its aircraft, placing it ahead of many competitors. Strategic partnerships with major players like Toyota and Delta Air Lines, along with a strong financial position, are key enablers of its growth strategy.</li>
 <li>However, the company faces substantial risks, including a capital-intensive business model with a long road to profitability, intense competition from both startups and established aerospace giants, and significant regulatory and technological hurdles to overcome before commercial operations can commence.</li>
</ul>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.


  
Joby Aviation is a pre-revenue company at the forefront of the emerging electric vertical takeoff and landing (eVTOL) aircraft market, aiming to revolutionize urban transportation with an on-demand aerial ridesharing service.
  The company has made significant progress towards Federal Aviation Administration (FAA) certification for its aircraft, placing it ahead of many competitors. Strategic partnerships with major players like Toyota and Delta Air Lines, along with a strong financial position, are key enablers of its growth strategy.
  However, the company faces substantial risks, including a capital-intensive business model with a long road to profitability, intense competition from both startups and established aerospace giants, and significant regulatory and technological hurdles to overcome before commercial operations can commence.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Primer: Joby Aviation  (JOBY US) - Sep 2025

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<ul>
<li>A weak 20-year note auction last Wednesday sparked the first semi-meaningful pullback since this lockout rally began April 22nd, when we turned short-term bullish (4/22/25Compass) as SPX was testing 5100-5120.</li>
<li>We will be watching the 10- and 30-year Treasury yields closely, as both are approaching important resistance levels (more on that below).</li>
<li>Unsurprisingly, SPX only tested short-term gap support on the pullback at 5700-5785, where we said to expect support in last week's Compass (5/20/25). Expect this gap support to hold.</li>
</ul>


A weak 20-year note auction last Wednesday sparked the first semi-meaningful pullback since this lockout rally began April 22nd, when we turned short-term bullish (4/22/25Compass) as SPX was testing 5100-5120.
We will be watching the 10- and 30-year Treasury yields closely, as both are approaching important resistance levels (more on that below).
Unsurprisingly, SPX only tested short-term gap support on the pullback at 5700-5785, where we said to expect support in last week's Compass (5/20/25). Expect this gap support to hold.


Upgrading Consumer Discretionary (XLY) To Overweight; 5700-5785 SPX Gap Support Holding as Expected

External reports (aggregated public sources), Value Investors Club

Value Investors Club (VIC)

External reports (aggregated public sources)

Value Investors Club

<ul><li>Strong team, innovative product, and potential market demand in auto tech space support highly speculative projections for investment in Joby Aerospace</li><li>Despite concerns about aggressive projections, company's current valuation offers attractive entry point for investors seeking substantial upside with decent margin of safety</li><li>Joby's eVTOL aircraft development and plans for air taxi service differentiate it from other failed SPAC ventures, positioning it as top-tier hard tech startup with potential for success</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Strong team, innovative product, and potential market demand in auto tech space support highly speculative projections for investment in Joby AerospaceDespite concerns about aggressive projections, company's current valuation offers attractive entry point for investors seeking substantial upside with decent margin of safetyJoby's eVTOL aircraft development and plans for air taxi service differentiate it from other failed SPAC ventures, positioning it as top-tier hard tech startup with potential for successThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Joby Aviation (JOBY) - Tuesday, Apr 16, 2024

United States

Joby Aviation, Inc. aircraft manufacturing company. The Company develops an all-electric vertical take-off and landing aircraft which it intends to operate as part of a fast, quiet, and convenient air taxi service

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Joby Aviation (JOBY US)

Joby Aviation Takes Off in Dubai—Could This Global Power Move Redefine Urban Air Mobility?

Joby Aviation's third-quarter 2025 earnings call highlighted several key developments and financial outcomes for the company. From a neutral...

Baptista Research

Primer: Joby Aviation (JOBY US) - Sep 2025

Joby Aviation is a pre-revenue company at the forefront of the emerging electric vertical takeoff and landing (eVTOL) aircraft market, aiming...

αSK

Upgrading Consumer Discretionary (XLY) To Overweight; 5700-5785 SPX Gap Support Holding as Expected

Upgrading Consumer Discretionary $XLY to Overweight; 5700-5785 $SPX Gap Support Holding as we expected/discussed last week. 4.7-4.8% on 10y...

Vermilion Research

Joby Aviation (JOBY) - Tuesday, Apr 16, 2024

Strong team, innovative product, and potential market demand in auto tech space support highly speculative projections for investment in Joby...

Value Investors Club (VIC)

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