Joby Aviation (NYSE:JOBY) Stock Price Up 8.8% - Here's What Happened

Key Points

• Joby Aviation shares rose 8.8% on Friday, with trading volume well above average as investors reacted to recent company news and renewed interest in the stock.
• The company’s Q1 results beat revenue expectations, and management reaffirmed full-year 2026 revenue guidance of $105 million to $115 million, helping support the bullish outlook.
• Joby is making progress toward commercialization, including a New York City flight milestone and continued manufacturing/certification work, though analysts remain mixed and some have cut price targets or downgraded the stock amid ongoing losses.

Shares of Joby Aviation, Inc. (NYSE:JOBY - Get Free Report) traded up 8.8% during trading on Friday . The stock traded as high as $10.90 and last traded at $10.8940. 34,954,918 shares changed hands during trading, an increase of 27% from the average session volume of 27,536,246 shares. The stock had previously closed at $10.01.

Joby Aviation News Summary

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. HC Wainwright reissued a "buy" rating and issued a $18.00 price target on shares of Joby Aviation in a report on Thursday, March 12th. Weiss Ratings downgraded Joby Aviation from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Monday. Canaccord Genuity Group lowered their target price on Joby Aviation from $15.50 to $11.50 and set a "hold" rating on the stock in a research note on Thursday. Needham & Company LLC reissued a "buy" rating and set a $18.00 price target on shares of Joby Aviation in a report on Wednesday. Finally, Oppenheimer set a $18.00 price target on Joby Aviation in a research note 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 MarketBeat, the company presently has an average rating of "Reduce" and a consensus price target of $13.06.

Joby Aviation Price Performance

The business's 50-day moving average is $9.18 and its 200 day moving average is $12.20. The firm has a market capitalization of $10.67 billion, a P/E ratio of -9.47 and a beta of 2.61.

Joby Aviation (NYSE:JOBY - Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The company reported ($0.12) earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $24.25 million during the quarter, compared to analysts' expectations of $20.17 million. During the same period in the previous year, the firm earned ($0.11) EPS. Analysts anticipate that Joby Aviation, Inc. will post -0.84 EPS for the current fiscal year.

Insider Buying and Selling at Joby Aviation

In related news, CEO Joeben Bevirt sold 507,182 shares of the company's stock in a transaction on Monday, February 9th. The stock was sold at an average price of $10.62, for a total transaction of $5,386,272.84. Following the completion of the sale, the chief executive officer directly owned 31,997,802 shares in the company, valued at $339,816,657.24. This represents a 1.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Eric Allison sold 74,844 shares of the stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $10.00, for a total transaction of $748,440.00. Following the completion of the transaction, the insider directly owned 676,008 shares of the company's stock, valued at $6,760,080. This trade represents a 9.97% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,840,870 shares of company stock valued at $18,049,505 in the last ninety days. 28.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of JOBY. Pier 88 Investment Partners LLC acquired a new stake in shares of Joby Aviation during the third quarter valued at about $635,000. Udine Wealth Management Inc. acquired a new position in shares of Joby Aviation in the third quarter valued at approximately $1,414,000. Kemnay Advisory Services Inc. bought a new position in Joby Aviation in the 3rd quarter valued at approximately $2,830,000. Kingsview Wealth Management LLC raised its holdings in Joby Aviation by 838.2% in the 3rd quarter. Kingsview Wealth Management LLC now owns 96,759 shares of the company's stock valued at $1,562,000 after buying an additional 86,446 shares during the last quarter. Finally, New York State Common Retirement Fund boosted 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 buying an additional 47,705 shares during the period. 52.85% of the stock is currently owned by institutional investors.

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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