Joby Aviation, Inc. (NYSE:JOBY) Stock Has Consensus Price Target of $11.33

Key Points

• Analyst sentiment is cautious: Nine brokerages give Joby Aviation a consensus “Reduce” rating, with four sells, two holds and three buys; the average 12-month price target is $11.33.
• Quarterly results beat expectations: Joby reported revenue of $55.1 million and a loss of $0.22 per share, better than analyst estimates, and raised its 2026 revenue outlook to $135 million–$140 million.
• Certification is progressing, but losses remain substantial: Joby has entered the FAA’s final certification stage, while its roughly $212 million quarterly net loss underscores ongoing cash burn.

Shares of Joby Aviation, Inc. (NYSE:JOBY - Get Free Report) have been assigned an average rating of "Reduce" from the nine brokerages that are covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $11.33.

A number of research firms recently issued reports on JOBY. Barclays initiated coverage on Joby Aviation in a report on Friday, October 9th. They set an "underweight" rating and a $4.00 price target on the stock. Canaccord Genuity Group raised Joby Aviation from a "hold" rating to a "buy" rating and decreased their price objective for the company from $11.50 to $7.00 in a report on Thursday. Morgan Stanley cut their price objective on Joby Aviation from $13.00 to $10.00 and set an "equal weight" rating for the company in a research report on Friday, October 16th. Wall Street Zen upgraded Joby Aviation from a "strong sell" rating to a "sell" rating in a report on Saturday. Finally, Needham & Company LLC cut their price objective on shares of Joby Aviation from $15.00 to $10.00 and set a "buy" rating for the company in a research note on Thursday.

Joby Aviation Trading Up 12.0%

Shares of NYSE:JOBY opened at $5.93 on Friday. Joby Aviation has a one year low of $4.43 and a one year high of $17.10. The company's 50-day moving average price is $5.73 and its two-hundred day moving average price is $8.44. 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 stock has a market capitalization of $5.87 billion, a PE ratio of -8.13 and a beta of 2.84.

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

Insider Activity

In other news, insider Eric Allison sold 27,593 shares of the business's stock in a transaction that occurred on Tuesday, October 13th. The shares were sold at an average price of $5.09, for a total value of $140,448.37. Following the completion of the transaction, the insider owned 745,120 shares of the company's stock, valued at $3,792,660.80. The trade was a 3.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO JoeBen Bevirt sold 15,789 shares of the company's stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $5.95, for a total value of $93,944.55. Following the completion of the sale, the chief executive officer owned 254,519 shares of the company's stock, valued at approximately $1,514,388.05. This trade represents a 5.84% decrease in their position. The SEC filing for this sale provides additional information. 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 worth $6,340,090 over the last 90 days. 20.35% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Joby Aviation

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its holdings in shares of Joby Aviation by 194.5% in the 1st quarter. Renaissance Technologies LLC now owns 4,005,200 shares of the company's stock worth $33,083,000 after buying an additional 2,645,200 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Joby Aviation by 48.1% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,679,515 shares of the company's stock valued at $22,133,000 after purchasing an additional 870,244 shares during the period. Amova Asset Management Americas Inc. grew its position in 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 valued at $22,124,000 after buying an additional 870,244 shares in the last quarter. Bank of Nova Scotia acquired a new position in Joby Aviation in the 1st quarter worth about $6,915,000. Finally, Bank of New York Mellon Corp lifted its position in shares of Joby Aviation by 27.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,136,710 shares of the company's stock worth $19,059,000 after acquiring an additional 462,585 shares during the period. Hedge funds and other institutional investors own 52.85% of the company's stock.

Key Joby Aviation News

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

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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