Wall Street Zen Upgrades Joby Aviation (NYSE:JOBY) to Sell

Key Points

• Wall Street Zen upgraded Joby Aviation from “Strong Sell” to “Sell,” while analysts remain divided; MarketBeat reports a consensus “Reduce” rating and an average target price of $11.33.
• Joby beat quarterly earnings and revenue estimates, reporting a $0.22-per-share loss and $55.1 million in revenue, up 143.8% year over year. However, the company continued to report substantial losses and cash burn.
• Joby said its aircraft has entered the FAA’s final certification stage and raised its 2026 revenue outlook to $135 million–$140 million, though certification is not yet complete.

Joby Aviation (NYSE:JOBY - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "strong sell" rating to a "sell" rating in a research report issued on Saturday, Wall Street Zen reports.

A number of other analysts have also recently issued reports on the stock. HC Wainwright reiterated a "buy" rating and issued a $18.00 target price on shares of Joby Aviation in a research note on Monday, September 21st. Susquehanna set a $18.00 price target on shares of Joby Aviation in a report on Thursday, August 6th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Joby Aviation in a research report on Monday, October 12th. Canaccord Genuity Group raised Joby Aviation from a "hold" rating to a "buy" rating and lowered their price objective for the company from $11.50 to $7.00 in a research report on Thursday. Finally, Needham & Company LLC dropped their price objective on Joby Aviation from $15.00 to $10.00 and set a "buy" rating on the stock in a research report on Thursday. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, Joby Aviation presently has a consensus rating of "Reduce" and a consensus target price of $11.33.

Joby Aviation Stock Up 12.0%

Shares of NYSE JOBY opened at $5.93 on Friday. The company has a market cap of $5.87 billion, a P/E ratio of -8.13 and a beta of 2.84. The company has a debt-to-equity ratio of 0.40, a current ratio of 17.98 and a quick ratio of 17.98. The firm has a 50-day simple moving average of $5.73 and a two-hundred day simple moving average of $8.44. Joby Aviation has a 1 year low of $4.43 and a 1 year high of $17.10.

Joby Aviation (NYSE:JOBY - Get Free Report) last released its earnings results on Wednesday, November 4th. The company reported ($0.22) earnings per share for the quarter, beating the consensus estimate of ($0.25) by $0.03. The business had revenue of $55.09 million for the quarter, compared to the consensus estimate of $38.95 million. Joby Aviation had a negative return on equity of 55.29% and a negative net margin of 755.11%. The business's quarterly revenue was up 143.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.48) earnings per share. Research analysts anticipate that Joby Aviation will post -1.00 earnings per share for the current year.

Insider Buying and Selling

In other Joby Aviation news, insider Bonny Simi sold 10,890 shares of the business's stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $5.95, for a total transaction of $64,795.50. Following the completion of the sale, the insider directly owned 241,923 shares of the company's stock, valued at approximately $1,439,441.85. The trade was a 4.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Rodrigo Brumana sold 37,831 shares of the company's stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $6.77, for a total transaction of $256,115.87. Following the completion of the sale, the chief financial officer directly owned 119,729 shares of the company's stock, valued at $810,565.33. This trade represents a 24.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 1,017,628 shares of company stock valued at $6,340,090 over the last three months. Insiders own 20.35% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC boosted its holdings in Joby Aviation by 194.5% in the 1st quarter. Renaissance Technologies LLC now owns 4,005,200 shares of the company's stock valued at $33,083,000 after purchasing an additional 2,645,200 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Joby Aviation by 48.1% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,679,515 shares of the company's stock valued at $22,133,000 after acquiring an additional 870,244 shares in the last quarter. Amova Asset Management Americas Inc. raised its position in shares of Joby Aviation by 48.1% in the 1st quarter. Amova Asset Management Americas Inc. now owns 2,678,495 shares of the company's stock worth $22,124,000 after acquiring an additional 870,244 shares in the last quarter. Bank of Nova Scotia purchased a new position in shares of Joby Aviation in the first quarter worth approximately $6,915,000. Finally, Bank of New York Mellon Corp boosted its position in shares of Joby Aviation by 27.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,136,710 shares of the company's stock valued at $19,059,000 after acquiring an additional 462,585 shares during the last quarter. 52.85% of the stock is owned by institutional investors and hedge funds.

Joby Aviation News Summary

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

• Positive Sentiment: Joby reported third-quarter revenue of about $55.1 million, well above analyst estimates, and a loss of $0.22 per share that was narrower than expected. The company also raised its 2026 revenue outlook to $135 million–$140 million. Article: Why Joby Aviation Stock Flew Higher Today
• Positive Sentiment: The company said its aircraft has reached the FAA’s fifth and final certification stage, with “for credit” testing underway, and is targeting type inspection authorization in the first half of 2027. That progress supports hopes of eventual commercial operations, though certification is not yet complete. Article: Joby Advances Certification Testing, Builds Fleet For Early Operations
• Positive Sentiment: Joby cited a 37% increase in manufacturing output, a record quarter for its Blade passenger business and additional Air Force support. The Air Force partnership’s committed spending is nearing $37 million, adding a defense-related revenue opportunity alongside its air-taxi plans. Article: Joby's Caravan Crosses US With Zero Pilot Inputs; Air Force Contract Nears $37M
• Neutral Sentiment: Analyst views were mixed but generally remained constructive: Canaccord upgraded the shares to Buy while lowering its price target, and Needham retained a Buy rating while also cutting its target. Analyst rating information
• Negative Sentiment: Joby still posted a net loss of about $212 million for the quarter, highlighting substantial ongoing cash burn. Its roughly $2.2 billion in cash and short-term investments provides a significant runway, but investors remain focused on whether the company can complete certification and scale operations before funding needs become a greater concern. Article: Joby Aviation Stock Price Rises After Q3 Results Spotlight Cash Burn

About Joby Aviation

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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