Joby Aviation (NYSE:JOBY) Price Target Lowered to $11.50 at Canaccord Genuity Group

Joby Aviation (NYSE:JOBY - Get Free Report) had its price objective cut by Canaccord Genuity Group from $15.50 to $11.50 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a "hold" rating on the stock. Canaccord Genuity Group's price target suggests a potential upside of 15.24% from the company's current price.

Several other analysts have also recently weighed in on the company. HC Wainwright reaffirmed a "buy" rating and issued a $18.00 price target on shares of Joby Aviation in a report on Thursday, March 12th. Needham & Company LLC reissued a "buy" rating and set a $18.00 price objective on shares of Joby Aviation in a report on Wednesday. JPMorgan Chase & Co. decreased their price objective on shares of Joby Aviation from $8.00 to $7.00 and set an "underweight" rating on the stock in a research report on Thursday, February 26th. Weiss Ratings downgraded shares of Joby Aviation from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Monday. Finally, Wall Street Zen cut shares of Joby Aviation from a "sell" rating to a "strong sell" rating in a research note on Saturday, May 2nd. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Joby Aviation presently has a consensus rating of "Reduce" and an average price target of $13.06.

Joby Aviation Trading Down 5.1%

Shares of JOBY traded down $0.54 during mid-day trading on Thursday, reaching $9.98. 37,037,559 shares of the stock traded hands, compared to its average volume of 27,449,932. The company has a market cap of $9.77 billion, a price-to-earnings ratio of -8.68 and a beta of 2.61. Joby Aviation has a 1 year low of $6.42 and a 1 year high of $20.95. The firm has a fifty day moving average price of $9.17 and a 200 day moving average price of $12.24.

Joby Aviation (NYSE:JOBY - Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.21) by $0.09. Joby Aviation had a negative return on equity of 73.14% and a negative net margin of 1,232.62%.The company had revenue of $24.25 million for the quarter, compared to the consensus estimate of $20.17 million. During the same quarter last year, the business posted ($0.11) earnings per share. On average, sell-side analysts anticipate that Joby Aviation will post -0.84 EPS for the current year.

Insider Activity

In other Joby Aviation news, insider Kate Dehoff sold 16,235 shares of Joby Aviation 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 transaction, the insider directly owned 149,369 shares of the company's stock, valued at approximately $1,480,246.79. This trade represents a 9.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Eric Allison sold 27,698 shares of the business's stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of $8.20, for a total transaction of $227,123.60. Following the completion of the sale, the insider owned 750,852 shares of the company's stock, valued at approximately $6,156,986.40. The trade was a 3.56% decrease in their ownership of the stock. 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. In the last three months, insiders have sold 1,766,026 shares of company stock worth $17,301,065. 28.50% of the stock is currently owned by insiders.

Institutional Trading of Joby Aviation

Several institutional investors have recently added to or reduced their stakes in the business. Modera Wealth Management LLC boosted its holdings in Joby Aviation by 17.3% during the 1st quarter. Modera Wealth Management LLC now owns 64,000 shares of the company's stock valued at $529,000 after acquiring an additional 9,424 shares during the period. Independent Financial Group LLC purchased a new position in Joby Aviation in the 1st quarter worth approximately $283,000. Wealthfront Advisers LLC lifted its position in Joby Aviation by 35.6% in the first quarter. Wealthfront Advisers LLC now owns 52,842 shares of the company's stock valued at $436,000 after purchasing an additional 13,864 shares during the last quarter. D.A. Davidson & CO. lifted its position in Joby Aviation by 30.6% in the first quarter. D.A. Davidson & CO. now owns 41,596 shares of the company's stock valued at $344,000 after purchasing an additional 9,737 shares during the last quarter. Finally, RFG Bristol Wealth Advisors LLC boosted its stake in shares of Joby Aviation by 48.5% during the first quarter. RFG Bristol Wealth Advisors LLC now owns 19,300 shares of the company's stock valued at $159,000 after purchasing an additional 6,300 shares during the period. 52.85% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Joby Aviation

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

• Positive Sentiment: Evidence of industrialization: Joby says it has nine FAA‑conforming aircraft in production, signaling a move from R&D to repeatable manufacturing and bringing certification/ commercial launch closer — a potential valuation catalyst. What's Happening With JOBY Stock?
• Positive Sentiment: Q1 beat and timeline reaffirmed: Joby beat revenue estimates and reiterated a 2026 commercial timeline, narrowing losses and providing clearer near‑term operating expectations that lifted investor enthusiasm. Joby Reports First Quarter 2026 Financial Results
• Neutral Sentiment: Analyst targets mixed — upside but cautious conviction: 24/7 Wall St. models a $12.43 target (~mid‑teens upside) and calls JOBY a buy with only moderate confidence, reflecting certification momentum offset by cash burn and macro sensitivity. Joby Price Prediction: How Much Higher Can The Stock Go This Year?
• Neutral Sentiment: Strategic ecosystem upside: Uber’s product push toward travel booking and air taxis expands Joby’s potential distribution partners and addressable market, but commercialization execution remains the critical bridge. Uber's Annual Product Showcase Reveals It Is Coming for Airbnb and Booking (JOBY)
• Negative Sentiment: Burn and losses remain material: Despite revenue beats, Joby continues to report sizable net losses and cash consumption; several articles highlight deeper spending and that the company is still pre‑commercial, keeping valuation highly forward‑dependent. Joby Keeps Losing Money—and the Stock Keeps Rising
• Negative Sentiment: Volatility and profit‑taking risk: The stock spiked on the earnings beat, which can prompt short‑term profit‑taking; JOBY’s high beta amplifies sensitivity to macro headlines and market rotations away from growth. Why Joby Aviation Stock Is Surging Wednesday: Q1 Earnings Beat Explained

About Joby Aviation

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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