Joby Aviation (NYSE:JOBY) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen downgraded its view slightly on Joby Aviation, upgrading the stock from “strong sell” to “sell,” while the broader analyst consensus still sits at “Reduce” with a $13.06 price target.
• Joby’s latest quarterly results beat expectations on both earnings and revenue, with EPS of -$0.12 versus the expected -$0.21 and revenue of $24.25 million versus $20.17 million estimated.
• Despite operational progress, analysts remain cautious: several firms cut price targets or ratings, and the company continues to be expected to post losses this year.

Joby Aviation (NYSE:JOBY - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "strong sell" rating to a "sell" rating in a research note issued to investors on Sunday.

JOBY has been the subject of several other reports. JPMorgan Chase & Co. reduced their target price on Joby Aviation from $8.00 to $7.00 and set an "underweight" rating for the company in a research report on Thursday, February 26th. Needham & Company LLC reaffirmed a "buy" rating and issued a $18.00 price target on shares of Joby Aviation in a report on Wednesday. Canaccord Genuity Group dropped their price target on Joby Aviation from $15.50 to $11.50 and set a "hold" rating for the company in a research report on Thursday. Weiss Ratings lowered Joby Aviation from a "sell (d-)" rating to a "sell (e+)" rating in a report on Monday, May 4th. Finally, Oppenheimer set a $18.00 target price on shares of Joby Aviation in a research note on Thursday, February 26th. 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 company. Based on data from MarketBeat, Joby Aviation currently has an average rating of "Reduce" and a consensus price target of $13.06.

Joby Aviation Price Performance

NYSE JOBY opened at $10.89 on Friday. The company's 50 day simple moving average is $9.18 and its two-hundred day simple moving average is $12.20. Joby Aviation has a 1 year low of $6.42 and a 1 year high of $20.95. The stock has a market capitalization of $10.67 billion, a PE ratio of -9.47 and a beta of 2.61.

Joby Aviation (NYSE:JOBY - Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The company reported ($0.12) EPS for the quarter, beating analysts' consensus estimates of ($0.21) by $0.09. The firm had revenue of $24.25 million during the quarter, compared to analyst estimates of $20.17 million. Joby Aviation had a negative net margin of 1,232.62% and a negative return on equity of 73.14%. During the same period in the previous year, the business earned ($0.11) EPS. On average, research analysts anticipate that Joby Aviation will post -0.85 EPS for the current year.

Insider Activity at Joby Aviation

In other news, CEO Joeben Bevirt sold 507,182 shares of the company's stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $10.62, for a total value of $5,386,272.84. Following the completion of the transaction, the chief executive officer directly owned 31,997,802 shares in the company, valued at approximately $339,816,657.24. This represents a 1.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Eric Allison sold 74,844 shares of the stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $10.00, for a total value of $748,440.00. Following the transaction, the insider owned 676,008 shares in the company, valued at $6,760,080. This trade represents a 9.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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 over the last 90 days. 28.50% of the stock is owned by insiders.

Institutional Trading of Joby Aviation

Several hedge funds and other institutional investors have recently bought and sold shares of JOBY. Royal Bank of Canada boosted its stake in Joby Aviation by 110.5% in the first quarter. Royal Bank of Canada now owns 85,070 shares of the company's stock worth $512,000 after buying an additional 44,659 shares in the last quarter. AQR Capital Management LLC purchased a new position in shares of Joby Aviation during the first quarter worth approximately $273,000. Strs Ohio bought a new stake in shares of Joby Aviation in the 1st quarter worth approximately $37,000. Cetera Investment Advisers boosted its stake in shares of Joby Aviation by 16.0% in the 2nd quarter. Cetera Investment Advisers now owns 64,069 shares of the company's stock valued at $676,000 after purchasing an additional 8,840 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Joby Aviation by 80.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 750,733 shares of the company's stock valued at $7,920,000 after purchasing an additional 333,995 shares in the last quarter. Hedge funds and other institutional investors own 52.85% of the company's stock.

More Joby Aviation News

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

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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