Joby Aviation (NYSE:JOBY) Stock Price Target Lowered at Needham & Company LLC

Joby Aviation (NYSE:JOBY) had its price objective reduced by Needham & Company LLC from $15.00 to $10.00 in a research report report published on Thursday morning, Marketbeat reports. They currently have a buy rating on the stock.

A number of other research analysts have also recently commented on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Joby Aviation in a research note on Monday, October 12th. Barclays began coverage on Joby Aviation in a research note on Friday, October 9th. They issued an “underweight” rating and a $4.00 target price for the company. Susquehanna set a $18.00 target price on Joby Aviation in a report on Thursday, August 6th. Wall Street Zen downgraded Joby Aviation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 8th. Finally, Canaccord Genuity Group raised Joby Aviation from a “hold” rating to a “buy” rating and reduced their price target for the stock from $11.50 to $7.00 in a research report on Thursday. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $11.33.

Joby Aviation Stock Up 5.0%

Shares of Joby Aviation stock opened at $5.30 on Thursday. The company has a fifty day moving average price of $5.75 and a 200 day moving average price of $8.48. The company has a current ratio of 17.98, a quick ratio of 17.98 and a debt-to-equity ratio of 0.40. Joby Aviation has a twelve month low of $4.43 and a twelve month high of $17.10. The stock has a market cap of $5.25 billion, a price-to-earnings ratio of -7.27 and a beta of 2.84.

Joby Aviation (NYSE:JOBY) last announced its quarterly earnings results on Wednesday, November 4th. The company reported ($0.22) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.03. Joby Aviation had a negative return on equity of 48.49% and a negative net margin of 462.85%. The firm had revenue of $55.09 million during the quarter, compared to the consensus estimate of $38.95 million. During the same period in the prior year, the firm earned ($0.48) EPS. The firm’s quarterly revenue was up 143.8% compared to the same quarter last year. Equities research analysts forecast that Joby Aviation will post -1.00 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Rodrigo Brumana sold 37,831 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $6.77, for a total transaction of $256,115.87. Following the completion of the sale, the chief financial officer directly owned 119,729 shares of the company’s stock, valued at approximately $810,565.33. This trade represents a 24.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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, Director Paul Sciarra sold 62,500 shares of Joby Aviation stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $6.09, for a total transaction of $380,625.00. Following the sale, the director directly owned 55,640,557 shares in the company, valued at $338,850,992.13. This trade represents a 0.11% 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. In the last ninety days, insiders sold 1,017,628 shares of company stock valued at $6,340,090. Corporate insiders own 20.35% of the company’s stock.

Institutional Trading of Joby Aviation

Several large investors have recently modified their holdings of JOBY. Russell Investments Group Ltd. lifted its stake in shares of Joby Aviation by 30.6% in the second quarter. Russell Investments Group Ltd. now owns 352,874 shares of the company’s stock worth $3,148,000 after acquiring an additional 82,737 shares in the last quarter. SummitTX Capital L.P. purchased a new position in Joby Aviation in the first quarter valued at about $1,127,000. Edgestream Partners L.P. purchased a new position in Joby Aviation in the first quarter valued at about $1,189,000. Bank of New York Mellon Corp boosted its holdings in Joby Aviation by 27.6% in the second quarter. Bank of New York Mellon Corp now owns 2,136,710 shares of the company’s stock valued at $19,059,000 after purchasing an additional 462,585 shares during the last quarter. Finally, Fifth Third Bancorp grew its stake in Joby Aviation by 22,166.0% during the 1st quarter. Fifth Third Bancorp now owns 444,875 shares of the company’s stock valued at $3,675,000 after purchasing an additional 442,877 shares in the last quarter. 52.85% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Joby Aviation

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

• Positive Sentiment: Joby reported third-quarter revenue of about $55 million, up roughly 144% year over year and well above analysts’ estimates. Its per-share loss was also narrower than expected, and the company raised its 2026 revenue outlook to $135 million–$140 million. Joby Reports Third Quarter 2026 Financial Results
• Positive Sentiment: The company said it has entered the FAA’s fifth and final type-certification stage, with “for-credit” testing underway, and is targeting type inspection authorization in the first half of 2027. Certification progress is an important step toward commercial operations. Joby advances final stages of FAA certification
• Positive Sentiment: Joby’s Blade passenger business had a record quarter, while manufacturing output grew 37%. The U.S. Air Force also expanded its commitment to nearly $37 million for autonomous-flight development, supporting a defense business alongside its air-taxi ambitions. Joby expands autonomous flight contracts
• Neutral Sentiment: Analyst actions were mixed: Canaccord raised its rating to Buy but lowered its price target to $7, while Needham kept a Buy rating and cut its target to $10. Canaccord analyst actions
• Negative Sentiment: Despite the revenue beat, Joby recorded a quarterly net loss of $212 million. Continued heavy cash use, plus the uncertainty and time required to complete certification and launch commercial service, remain key risks for investors. Q3 earnings-call highlights

Joby Aviation Company Profile

Joby Aviation, Inc is an aerospace company developing all-electric vertical takeoff and landing (eVTOL) aircraft for commercial passenger transportation. Its aircraft are designed to take off and land vertically like a helicopter while operating with the range and speed of a conventional aircraft, supporting quiet, low-emission air taxi services and other urban and regional transportation applications.

Founded in 2009 by JoeBen Bevirt, Joby is pursuing the certification, production and commercial deployment of its piloted aircraft.