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

Joby Aviation (NYSE:JOBY) had its price objective decreased by Canaccord Genuity Group from $15.50 to $11.50 in a research report report published on Thursday morning,Benzinga reports. Canaccord Genuity Group currently has a hold rating on the stock.

Several other equities research analysts have also commented on the stock. Weiss Ratings lowered shares of Joby Aviation from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday. Morgan Stanley dropped their price objective on shares of Joby Aviation from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Wall Street Zen lowered shares of Joby Aviation from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 2nd. JPMorgan Chase & Co. dropped 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 note on Thursday, February 26th. Finally, Needham & Company LLC restated a “buy” rating and issued a $18.00 price objective on shares of Joby Aviation in a research note on Wednesday. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $13.06.

Joby Aviation Stock Performance

JOBY stock opened at $9.98 on Thursday. The firm has a market cap of $9.77 billion, a PE ratio of -8.68 and a beta of 2.61. Joby Aviation has a one year low of $6.42 and a one year high of $20.95. The firm’s 50 day moving average price is $9.18 and its 200-day moving average price is $12.20.

Joby Aviation (NYSE:JOBY) last issued its quarterly earnings results on Tuesday, May 5th. The company reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.21) by $0.09. The company had revenue of $24.25 million during the quarter, compared to analysts’ expectations 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 quarter last year, the company posted ($0.11) EPS. Equities research analysts predict that Joby Aviation will post -0.84 EPS for the current fiscal year.

Insider Activity

In related news, insider Gregory Bowles sold 4,720 shares of the business’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $8.76, for a total transaction of $41,347.20. Following the sale, the insider owned 178,470 shares of the company’s stock, valued at approximately $1,563,397.20. The trade was a 2.58% 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 transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Joeben Bevirt sold 39,963 shares of the company’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $9.03, for a total transaction of $360,865.89. Following the completion of the sale, the chief executive officer directly owned 224,823 shares in the company, valued at $2,030,151.69. This trade represents a 15.09% 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 1,766,026 shares of company stock valued at $17,301,065 in the last quarter. Insiders own 28.50% of the company’s stock.

Hedge Funds Weigh In On Joby Aviation

Several institutional investors and hedge funds have recently bought and sold shares of the stock. GPS Wealth Strategies Group LLC increased its position in Joby Aviation by 22.5% during the third quarter. GPS Wealth Strategies Group LLC now owns 3,794 shares of the company’s stock worth $61,000 after purchasing an additional 697 shares during the last quarter. Asset Planning Inc increased its position in Joby Aviation by 70.0% during the third quarter. Asset Planning Inc now owns 1,700 shares of the company’s stock worth $27,000 after purchasing an additional 700 shares during the last quarter. GoalVest Advisory LLC increased its position in Joby Aviation by 2.1% during the fourth quarter. GoalVest Advisory LLC now owns 33,500 shares of the company’s stock worth $442,000 after purchasing an additional 700 shares during the last quarter. Thrivent Financial for Lutherans increased its position in Joby Aviation by 4.6% during the third quarter. Thrivent Financial for Lutherans now owns 16,705 shares of the company’s stock worth $270,000 after purchasing an additional 736 shares during the last quarter. Finally, Compagnie Lombard Odier SCmA increased its position in Joby Aviation by 15.3% during the third quarter. Compagnie Lombard Odier SCmA now owns 5,765 shares of the company’s stock worth $93,000 after purchasing an additional 765 shares during the last quarter. Institutional investors and hedge funds own 52.85% of the company’s stock.

Key Joby Aviation News

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

• Positive Sentiment: Q1 beat and NYC flight milestone: Joby reported an EPS and revenue beat (EPS -$0.12 vs. -$0.21 est.; revenue ~$24.3M vs. ~$20.2M est.) and highlighted a high?profile NYC flight milestone that reinforced the 2026 commercial timeline — this helped drive the recent rally. Read More.
• Positive Sentiment: Certification/industrialization progress: Joby says it now has multiple FAA?conforming aircraft in production (nine reported), signaling a shift from prototype R&D to repeatable manufacturing — a key valuation catalyst if certification/commercial ops remain on track. Read More.
• Positive Sentiment: Strategic market tailwinds — Uber integration: Uber’s broader push to incorporate air taxis into its travel/bookings ecosystem could expand demand for eVTOL services and improve go?to?market distribution for Joby over time. Read More.
• Neutral Sentiment: Analyst targets vary: Independent models show upside (24/7 Wall St. target ~$12.43) but with only moderate confidence — analyst views are mixed and hinge on certification execution and cash?flow timing. Read More.
• Negative Sentiment: Analyst downgrade / price?target cut: Canaccord trimmed its price target to $11.50 and moved to a “hold”, signaling more caution on near?term upside and adding selling pressure relative to the bullish calls. Read More.
• Negative Sentiment: Valuation and cash?burn risk remain: Despite operational progress, Joby is still pre?commercial with negative margins, heavy cash burn and negative earnings metrics that leave valuation sensitive to delays or higher spend. Analysts and valuation pieces flag this as a primary downside risk. Read More.

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.