Brokers Issue Forecasts for Joby Aviation FY2026 Earnings

Key Points

• HC Wainwright lowered its FY2026 EPS estimate for Joby Aviation to ($0.87) from ($0.81), but kept a Buy rating and $18 price target. The consensus forecast for the year is slightly less negative at ($0.85) per share.
• Joby’s latest quarterly results beat expectations, with EPS of ($0.12) versus the expected ($0.21) loss and revenue of $24.25 million topping estimates. The company also reiterated 2026 revenue guidance of $105 million to $115 million.
• Analyst sentiment remains mixed: while some firms kept bullish targets, Canaccord Genuity cut its price target and downgraded the stock to Hold, and several analysts reduced forward earnings estimates. Joby is still expected to post losses for the foreseeable future despite operational progress.

Joby Aviation, Inc. (NYSE:JOBY - Free Report) - Equities research analysts at HC Wainwright dropped their FY2026 EPS estimates for shares of Joby Aviation in a report issued on Wednesday, May 6th. HC Wainwright analyst A. Dayal now forecasts that the company will post earnings per share of ($0.87) for the year, down from their prior forecast of ($0.81). HC Wainwright currently has a "Buy" rating and a $18.00 target price on the stock. The consensus estimate for Joby Aviation's current full-year earnings is ($0.85) per share.

Joby Aviation (NYSE:JOBY - Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The company reported ($0.12) EPS for the quarter, beating analysts' consensus estimates of ($0.21) by $0.09. Joby Aviation had a negative net margin of 1,232.62% and a negative return on equity of 60.54%. The company had revenue of $24.25 million during the quarter, compared to the consensus estimate of $20.17 million. During the same quarter last year, the firm posted ($0.11) EPS.

Several other analysts also recently commented on JOBY. Weiss Ratings downgraded shares of Joby Aviation from a "sell (d-)" rating to a "sell (e+)" rating in a report on Monday, May 4th. Canaccord Genuity Group reduced their target price on shares of Joby Aviation from $15.50 to $11.50 and set a "hold" rating for the company in a report on Thursday. Needham & Company LLC reaffirmed a "buy" rating and set a $18.00 target price on shares of Joby Aviation in a report on Wednesday, May 6th. JPMorgan Chase & Co. reduced their target price on shares of Joby Aviation from $8.00 to $7.00 and set an "underweight" rating for the company in a report on Thursday, February 26th. Finally, Oppenheimer set a $18.00 target price on shares of Joby Aviation in a report on Thursday, February 26th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Reduce" and an average target price of $13.06.

Joby Aviation Stock Performance

Shares of JOBY stock opened at $10.89 on Monday. The company has a market capitalization of $10.67 billion, a price-to-earnings ratio of -9.47 and a beta of 2.61. The company has a debt-to-equity ratio of 0.36, a quick ratio of 22.05 and a current ratio of 22.06. The company has a 50-day simple moving average of $9.18 and a 200 day simple moving average of $12.20. Joby Aviation has a 52 week low of $6.42 and a 52 week high of $20.95.

Insider Activity

In other news, insider Eric Allison sold 74,844 shares of the business's stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $10.00, for a total value of $748,440.00. Following the completion of the transaction, the insider directly owned 676,008 shares in the company, valued at approximately $6,760,080. The trade was a 9.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kate Dehoff sold 16,235 shares of the business's stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $9.91, for a total transaction of $160,888.85. Following the completion of the transaction, the insider owned 149,369 shares of the company's stock, valued at $1,480,246.79. The trade was a 9.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 1,333,688 shares of company stock worth $12,663,232. 32.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Joby Aviation

Institutional investors have recently added to or reduced their stakes in the stock. Pier 88 Investment Partners LLC acquired a new position in Joby Aviation during the 3rd quarter worth approximately $635,000. Udine Wealth Management Inc. acquired a new position in Joby Aviation during the 3rd quarter worth approximately $1,414,000. Kemnay Advisory Services Inc. acquired a new position in Joby Aviation during the 3rd quarter worth approximately $2,830,000. Kingsview Wealth Management LLC increased its position in Joby Aviation by 838.2% during the 3rd quarter. Kingsview Wealth Management LLC now owns 96,759 shares of the company's stock worth $1,562,000 after purchasing an additional 86,446 shares in the last quarter. Finally, New York State Common Retirement Fund increased its position in Joby Aviation by 32.6% during the 3rd quarter. New York State Common Retirement Fund now owns 193,856 shares of the company's stock worth $3,129,000 after purchasing an additional 47,705 shares in the last quarter. 52.85% of the stock is currently owned by institutional investors and hedge funds.

Key Joby Aviation News

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

• Positive Sentiment: Joby reported first-quarter results that beat revenue expectations and reaffirmed strong 2026 revenue guidance of $105 million to $115 million, which helped reinforce the bullish case for the stock. Article Title
• Positive Sentiment: The company’s New York City flight milestone and ongoing “initial operations” plans are seen as meaningful steps toward commercial flying taxi service, boosting optimism around future adoption and long-term growth. Article Title
• Positive Sentiment: Commentary around Joby’s accelerating manufacturing and certification progress, including nine FAA-conforming aircraft in production, suggests the company is advancing from R&D toward commercialization readiness. Article Title
• Neutral Sentiment: HC Wainwright kept a Buy rating and $18 price target, but lowered EPS estimates for several future periods, reflecting confidence in the story while acknowledging near-term losses and slower profitability. Article Title
• Negative Sentiment: Canaccord Genuity cut its price target on JOBY and downgraded the stock to Hold, adding to concerns that valuation may have run ahead of fundamentals after the recent rally. Article Title
• Negative Sentiment: Several analyst reports lowered forward earnings estimates, underscoring that Joby is still expected to post losses for the foreseeable future despite improving operational momentum. Article Title

Joby Aviation Company Profile

Joby Aviation Inc is an aerospace company focused on developing electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility. The company's core mission is to provide zero-emission aerial ridesharing services, combining the speed of helicopters with the cost efficiency and environmental benefits of electric propulsion. Joby's eVTOL design emphasizes low noise profiles and high reliability, positioning the company to address congestion challenges in major metropolitan areas.

The company's flagship aircraft is designed to carry a pilot and up to four passengers, offering point-to-point travel at speeds competitive with ground transportation.

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