Joby Aviation (NYSE:JOBY) Price Target Lowered to $15.00 at Needham & Company LLC

Key Points

• Needham lowered Joby Aviation’s price target to $15 from $18 while maintaining a “buy” rating, implying roughly 92% upside from the prior close.
• Analyst sentiment remains cautious overall: JOBY has a consensus “Reduce” rating and an average price target of $13.21, with two buys, four holds, and three sells.
• Joby reported quarterly revenue of $38.64 million, exceeding estimates, but its $0.25-per-share loss was wider than expected. Shares opened at $7.82, while the company continues advancing eVTOL certification and commercial air-taxi preparations.

Joby Aviation (NYSE:JOBY - Get Free Report) had its price target cut by investment analysts at Needham & Company LLC from $18.00 to $15.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Needham & Company LLC's price objective points to a potential upside of 91.79% from the stock's previous close.

A number of other research firms also recently weighed in on JOBY. Wall Street Zen raised Joby Aviation from a "strong sell" rating to a "sell" rating in a report on Sunday, May 10th. Weiss Ratings raised Joby Aviation from a "sell (e+)" rating to a "sell (d-)" rating in a report on Tuesday, July 14th. Morgan Stanley cut their target price on Joby Aviation from $15.00 to $13.00 and set an "equal weight" rating for the company in a research report on Wednesday, May 6th. Barclays raised Joby Aviation to a "hold" rating in a research note on Wednesday, July 29th. Finally, Canaccord Genuity Group lowered their price target on Joby Aviation from $15.50 to $11.50 and set a "hold" rating on the stock in a research report on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus target price of $13.21.

Joby Aviation Trading Down 1.9%

Shares of JOBY stock opened at $7.82 on Thursday. Joby Aviation has a 52-week low of $6.63 and a 52-week high of $20.06. The stock has a market cap of $7.69 billion, a price-to-earnings ratio of -6.80 and a beta of 2.73. 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 firm has a fifty day moving average of $8.78 and a 200-day moving average of $9.65.

Joby Aviation (NYSE:JOBY - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($0.25) EPS for the quarter, missing analysts' consensus estimates of ($0.23) by ($0.02). Joby Aviation had a negative return on equity of 60.54% and a negative net margin of 1,232.62%.The business had revenue of $38.64 million for the quarter, compared to the consensus estimate of $30.20 million. During the same period in the previous year, the business posted ($0.41) earnings per share. Joby Aviation's revenue was up 257493.3% on a year-over-year basis. On average, equities research analysts forecast that Joby Aviation will post -0.89 earnings per share for the current fiscal year.

Insider Transactions at Joby Aviation

In related news, insider Kate Dehoff sold 14,240 shares of the firm's stock in a transaction that occurred on Tuesday, July 14th. The shares were sold at an average price of $7.73, for a total value of $110,075.20. Following the completion of the sale, the insider owned 180,179 shares of the company's stock, valued at $1,392,783.67. This trade represents a 7.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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. Also, insider Eric Allison sold 27,932 shares of the firm's stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $7.53, for a total transaction of $210,327.96. Following the completion of the sale, the insider directly owned 710,396 shares of the company's stock, valued at approximately $5,349,281.88. This represents a 3.78% 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. In the last ninety days, insiders have sold 1,050,736 shares of company stock worth $11,423,677. Corporate insiders own 20.35% of the company's stock.

Institutional Investors Weigh In On Joby Aviation

A number of institutional investors and hedge funds have recently made changes to their positions in JOBY. Moran Wealth Management LLC lifted its stake in shares of Joby Aviation by 16.8% during the second quarter. Moran Wealth Management LLC now owns 122,153 shares of the company's stock valued at $1,090,000 after acquiring an additional 17,587 shares during the period. HighTower Advisors LLC increased its position in Joby Aviation by 3.5% in the second quarter. HighTower Advisors LLC now owns 920,410 shares of the company's stock worth $8,210,000 after purchasing an additional 30,928 shares during the period. Principal Financial Group Inc. raised its holdings in Joby Aviation by 22.2% during the 2nd quarter. Principal Financial Group Inc. now owns 51,836 shares of the company's stock worth $462,000 after purchasing an additional 9,411 shares during the last quarter. DSM Capital Partners LLC bought a new stake in Joby Aviation during the 2nd quarter worth about $99,000. Finally, Pinnacle Associates Ltd. lifted its position in Joby Aviation by 45.0% during the 2nd quarter. Pinnacle Associates Ltd. now owns 21,760 shares of the company's stock valued at $194,000 after purchasing an additional 6,751 shares during the period. Institutional investors own 52.85% of the company's stock.

Key Stories Impacting Joby Aviation

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

• Positive Sentiment: Revenue beat and higher outlook: Joby reported second-quarter revenue of $38.64 million, well above the $30.20 million consensus estimate, and raised its 2026 revenue outlook to $115 million–$125 million from expectations of approximately $111.3 million. Joby Aviation tops revenue estimates as air taxi push accelerates
• Positive Sentiment: Launch preparations are advancing: Joby said its first flights under the U.S. eVTOL Integration Pilot Program are expected in September in Texas, supporting the company’s effort to begin commercial air-taxi operations. Joby Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Vertiport partnership expands infrastructure plans: Joby partnered with Atoms, a venture associated with former Uber CEO Travis Kalanick, to acquire and develop vertiport sites initially in Florida, New York, and Texas. The network could help provide the infrastructure needed for future passenger service. Atoms and Joby Aviation Form Strategic Partnership to Build America's Vertiport Network
• Neutral Sentiment: Investors remain focused on execution: The earnings call highlighted Joby’s progress toward air-taxi deployment, but the company still must complete aircraft certification and demonstrate a viable commercial launch. Joby Aviation Q2 2026 Earnings Call Transcript
• Negative Sentiment: Quarterly loss exceeded expectations: Joby reported a loss of $0.25 per share, compared with the consensus loss estimate of $0.23. The company remains unprofitable, so investors may be prioritizing the timing and cost of certification and commercialization over near-term revenue growth. Joby Aviation Reports Q2 Loss, Beats Revenue Estimates

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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