Canaccord Genuity Group Upgrades Joby Aviation (NYSE:JOBY) to "Buy"

Key Points

• Canaccord Genuity upgraded Joby Aviation from “hold” to “buy,” but cut its price target from $11.50 to $7.00; the new target implies 38.4% upside from the current share price.
• Analyst views remain mixed: despite Canaccord’s upgrade, MarketBeat reports a consensus “Reduce” rating and an average price target of $11.33.
• Joby beat quarterly estimates, reporting a $0.22-per-share loss versus expectations of $0.25 and revenue of $55.09 million, up 143.8% year over year.

Joby Aviation (NYSE:JOBY - Get Free Report) was upgraded by stock analysts at Canaccord Genuity Group from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Thursday, MarketBeat.com reports. The brokerage currently has a $7.00 price target on the stock, down from their previous price target of $11.50. Canaccord Genuity Group's target price would suggest a potential upside of 38.42% from the stock's current price.

A number of other equities analysts also recently issued reports on the company. HC Wainwright reiterated a "buy" rating and issued a $18.00 price objective on shares of Joby Aviation in a report on Monday, September 21st. Wall Street Zen cut shares of Joby Aviation from a "sell" rating to a "strong sell" rating in a report on Saturday, August 8th. Cantor Fitzgerald reaffirmed a "neutral" rating on shares of Joby Aviation in a research report on Monday, September 21st. Barclays initiated coverage on shares of Joby Aviation in a research note on Friday, October 9th. They issued an "underweight" rating and a $4.00 price target for the company. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Joby Aviation in a research report on Monday, October 12th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Reduce" and an average price target of $11.33.

Joby Aviation Trading Up 4.3%

NYSE JOBY opened at $5.06 on Thursday. The stock has a 50 day simple moving average of $5.79 and a two-hundred day simple moving average of $8.54. Joby Aviation has a fifty-two week low of $4.43 and a fifty-two week high of $17.10. The stock has a market cap of $5.00 billion, a P/E ratio of -5.11 and a beta of 2.84. The company has a debt-to-equity ratio of 0.40, a quick ratio of 17.98 and a current ratio of 17.98.

Joby Aviation (NYSE:JOBY - Get Free Report) last issued its quarterly earnings data on Thursday, November 5th. The company reported ($0.22) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.25) by $0.03. Joby Aviation had a negative net margin of 755.11% and a negative return on equity of 55.29%. The business had revenue of $55.09 million for the quarter, compared to the consensus estimate of $38.95 million. During the same period in the previous year, the firm earned ($0.48) EPS. The company's quarterly revenue was up 143.8% compared to the same quarter last year. On average, analysts forecast that Joby Aviation will post -1.00 earnings per share for the current year.

Insider Activity at Joby Aviation

In other news, insider Bonny Simi sold 10,890 shares of the firm's stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $5.95, for a total value of $64,795.50. Following the transaction, the insider directly owned 241,923 shares in the company, valued at $1,439,441.85. This trade represents a 4.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Eric Allison sold 27,593 shares of the company's stock in a transaction dated Tuesday, October 13th. The shares were sold at an average price of $5.09, for a total transaction of $140,448.37. Following the sale, the insider directly owned 745,120 shares of the company's stock, valued at $3,792,660.80. The trade was a 3.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 1,017,628 shares of company stock valued at $6,340,090 over the last quarter. 20.35% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Ancora Advisors LLC bought a new stake in shares of Joby Aviation during the 2nd quarter worth approximately $27,000. Leonteq Securities AG lifted its position in shares of Joby Aviation by 295.2% during the 1st quarter. Leonteq Securities AG now owns 4,351 shares of the company's stock worth $36,000 after buying an additional 3,250 shares during the last quarter. Western Wealth Management LLC bought a new position in Joby Aviation in the first quarter valued at about $37,000. Geneos Wealth Management Inc. raised its stake in Joby Aviation by 95.5% during the first quarter. Geneos Wealth Management Inc. now owns 5,385 shares of the company's stock worth $44,000 after acquiring an additional 2,630 shares in the last quarter. Finally, Ameritas Advisory Services LLC bought a new position in shares of Joby Aviation in the second quarter worth about $60,000. Hedge funds and other institutional investors own 52.85% of the company's stock.

Trending Headlines about Joby Aviation

Here are the key news stories impacting Joby Aviation this week:

• Positive Sentiment: Joby reported third-quarter revenue of $55.1 million, up 143.8% year over year and well above analysts’ estimates. Its loss of $0.22 per share was also narrower than expected. Q3 results
• Positive Sentiment: The company outlined a 2026 revenue target of $135 million–$140 million and is aiming for FAA Type Inspection Authorization in the first half of 2027. It also said it has entered the final stage of type certification and completed a range of FAA “for credit” tests. Revenue plan and certification timeline
• Positive Sentiment: The U.S. Air Force’s commitment to Joby’s autonomous-flight work has grown to nearly $37 million, with the contract ceiling raised to $50 million. Joby also reported first flights in Texas and Florida and 37% manufacturing-output growth. Air Force funding announcement
• Neutral Sentiment: Joby’s acquisition of Resonant Sciences expands its defense capabilities, but investors will be watching how the deal contributes to results alongside the company’s air-taxi development. Resonant Sciences acquisition
• Negative Sentiment: Despite beating estimates, Joby reported a $212 million quarterly net loss. Certification, commercialization and cash needs remain significant risks, and the aircraft is not yet FAA-certified. Earnings and remaining hurdles

Joby Aviation Company Profile

Joby Aviation, Inc is an aerospace company developing all-electric vertical takeoff and landing (eVTOL) aircraft for commercial passenger transportation. Its aircraft are designed to take off and land vertically like a helicopter while operating with the range and speed of a conventional aircraft, supporting quiet, low-emission air taxi services and other urban and regional transportation applications.

Founded in 2009 by JoeBen Bevirt, Joby is pursuing the certification, production and commercial deployment of its piloted aircraft.

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