HC Wainwright Raises Earnings Estimates for Joby Aviation

Key Points

• HC Wainwright raised its FY2026 EPS estimate for Joby Aviation to a loss of $0.96 per share from $0.98, and maintained a Buy rating with an $18 price target.
• Analyst opinions are mixed: MarketBeat reports a consensus “Reduce” rating and average price target of $11.33, despite some Buy ratings and recent upgrades.
• Joby’s latest quarter beat expectations, with a $0.22-per-share loss versus the forecast $0.25 loss and revenue of $55.1 million versus $39.0 million expected.

Joby Aviation, Inc. (NYSE:JOBY - Free Report) - Equities research analysts at HC Wainwright lifted their FY2026 earnings per share estimates for shares of Joby Aviation in a research report issued on Thursday, November 5th. HC Wainwright analyst A. Dayal now anticipates that the company will post earnings per share of ($0.96) for the year, up from their prior forecast of ($0.98). HC Wainwright has a "Buy" rating and a $18.00 price objective on the stock. The consensus estimate for Joby Aviation's current full-year earnings is ($0.97) per share. HC Wainwright also issued estimates for Joby Aviation's Q4 2026 earnings at ($0.28) EPS, FY2027 earnings at ($0.96) EPS, FY2028 earnings at ($0.82) EPS, FY2029 earnings at ($0.66) EPS and FY2030 earnings at ($0.40) EPS.

Several other research firms have also recently commented on JOBY. Needham & Company LLC cut their target price 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. Cantor Fitzgerald restated a "neutral" rating on shares of Joby Aviation in a research report on Monday, September 21st. Barclays started coverage on shares of Joby Aviation in a report on Friday, October 9th. They set an "underweight" rating and a $4.00 price objective on the stock. Canaccord Genuity Group raised shares of Joby Aviation from a "hold" rating to a "buy" rating and cut their price objective for the company from $11.50 to $7.00 in a research report on Thursday. Finally, Morgan Stanley cut their price objective on shares of 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. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Reduce" and an average target price of $11.33.

Joby Aviation Trading Up 0.1%

Shares of Joby Aviation stock opened at $5.93 on Monday. The company's fifty day simple moving average is $5.73 and its 200-day simple moving average is $8.44. The company has a market cap of $5.87 billion, a price-to-earnings ratio of -8.13 and a beta of 2.84. The company has a current ratio of 18.29, a quick ratio of 18.29 and a debt-to-equity ratio of 0.40. 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 issued its quarterly earnings results on Wednesday, November 4th. The company reported ($0.22) EPS for the quarter, topping the consensus estimate of ($0.25) by $0.03. Joby Aviation had a negative return on equity of 48.24% and a negative net margin of 462.85%. The company 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 business posted ($0.48) EPS. The company's revenue for the quarter was up 143.8% on a year-over-year basis.

Insider Buying and Selling at Joby Aviation

In other Joby Aviation news, insider Kate Dehoff sold 8,279 shares of Joby Aviation stock in a transaction on Tuesday, October 13th. The shares were sold at an average price of $5.09, for a total transaction of $42,140.11. Following the sale, the insider owned 196,964 shares in the company, valued at $1,002,546.76. The trade was a 4.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 Joby Aviation stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $5.95, for a total transaction of $93,944.55. Following the sale, the chief executive officer owned 254,519 shares in the company, valued at $1,514,388.05. This represents a 5.84% 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 sold a total of 1,017,628 shares of company stock valued at $6,340,090 in the last quarter. 20.35% of the stock is currently owned by corporate insiders.

Institutional Trading of Joby Aviation

Institutional investors have recently made changes to their positions in the business. Ancora Advisors LLC acquired a new stake in Joby Aviation during the 2nd quarter valued at $27,000. Western Wealth Management LLC bought a new position in Joby Aviation in the 1st quarter valued at $37,000. Geneos Wealth Management Inc. boosted its stake in Joby Aviation by 95.5% in the first quarter. Geneos Wealth Management Inc. now owns 5,385 shares of the company's stock worth $44,000 after purchasing an additional 2,630 shares in the last quarter. Parallel Advisors LLC boosted its stake in Joby Aviation by 42.5% in the third quarter. Parallel Advisors LLC now owns 8,597 shares of the company's stock worth $52,000 after purchasing an additional 2,562 shares in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in Joby Aviation in the second quarter worth $60,000. 52.85% of the stock is currently owned by institutional investors and hedge funds.

More 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 develops electric vertical takeoff and landing (eVTOL) aircraft for passenger transportation. Its aircraft are designed to take off and land vertically, then fly like an airplane, with the goal of providing quiet, zero-operating-emission air taxi services for urban and regional trips.

Founded in 2009 by JoeBen Bevirt, the California-based company is working to develop and manufacture its aircraft and establish the operations needed to offer commercial passenger flights.

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