Jim Cramer backs Joby Aviation amid rising shares

In a recent episode of Mad Money aired on June 9, 2025, financial commentator Jim Cramer expressed a favorable view on Joby Aviation, a company focused on developing electric vertical takeoff and landing aircraft. He highlighted the positive rating from HC Wainwright & Co. analyst Amit Dayal, who maintained a Buy rating for Joby and raised its price target from $9 to $13. Cramer's endorsement comes amidst a backdrop of fluctuating market dynamics, where other stocks, such as Arm Holdings and Papa John's International, saw varied responses. Arm Holdings, while considered stable by Cramer, was rated a Hold by Benchmark analyst Cody Acree on the same day. Meanwhile, Papa John’s was described as a 'wait and see' situation. This financial analysis reflects broader themes in the tech and telecom industries, hinting at the evolving market landscape in the first half of 2025. Joby’s shares increased by 2.3% to settle at $9.44 in response to the favorable sentiment, while Arm’s shares rose by 1.5% to $140.63. In contrast, Papa John's shares fell 4.6% to $48.20, indicating diverging investor sentiments within these companies. Cramer’s insights provide a clear illustration of the current stock trends and investor expectations, underscoring the volatility and opportunities present in the tech sector, signaling a cautious but optimistic approach to investment in emergent technologies such as urban air mobility.