Joby Aviation’s (JOBY) “Buy” Rating Reiterated at Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of Joby Aviation (NYSE:JOBY) in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a $18.00 target price on the stock.

A number of other brokerages have also recently commented on JOBY. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Joby Aviation in a research note on Tuesday, April 21st. JPMorgan Chase & Co. dropped their price objective on Joby Aviation from $8.00 to $7.00 and set an “underweight” rating for the company in a report on Thursday, February 26th. Canaccord Genuity Group restated a “hold” rating and set a $15.50 price target on shares of Joby Aviation in a report on Tuesday, February 3rd. Oppenheimer set a $18.00 price objective on shares of Joby Aviation in a research note on Thursday, February 26th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $18.00 price objective on shares of Joby Aviation in a report on Thursday, March 12th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Joby Aviation has a consensus rating of “Reduce” and a consensus target price of $13.06.

Joby Aviation Stock Up 8.8%

JOBY opened at $10.89 on Wednesday. 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 has a 12-month low of $6.42 and a 12-month high of $20.95. The stock’s 50 day moving average price is $9.18 and its two-hundred day moving average price is $12.20.

Joby Aviation (NYSE:JOBY) last posted 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 firm had revenue of $24.25 million during the quarter, compared to analysts’ expectations of $20.17 million. Joby Aviation had a negative return on equity of 73.14% and a negative net margin of 1,232.62%.During the same quarter in the prior year, the firm posted ($0.11) EPS. As a group, analysts anticipate that Joby Aviation will post -0.82 earnings per share for the current year.

Insider Activity at Joby Aviation

In other news, insider Eric Allison sold 74,844 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at approximately $6,760,080. The trade was a 9.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Joeben Bevirt sold 507,182 shares of the business’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 owned 31,997,802 shares in the company, valued at $339,816,657.24. This represents a 1.56% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 1,840,870 shares of company stock worth $18,049,505. 28.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Joby Aviation

Several hedge funds and other institutional investors have recently modified their holdings of the business. Pacific Sun Financial Corp purchased a new stake in Joby Aviation during the first quarter worth about $125,000. PNC Financial Services Group Inc. increased its position in Joby Aviation by 11.1% during the first quarter. PNC Financial Services Group Inc. now owns 15,304 shares of the company’s stock worth $126,000 after buying an additional 1,532 shares during the period. Piar LLC purchased a new position in Joby Aviation during the 1st quarter worth $89,000. Amova Asset Management Americas Inc. raised its holdings in shares of Joby Aviation by 48.1% in the first quarter. Amova Asset Management Americas Inc. now owns 2,678,495 shares of the company’s stock valued at $22,124,000 after buying an additional 870,244 shares during the last quarter. Finally, Modera Wealth Management LLC boosted its stake in shares of Joby Aviation by 17.3% during the first quarter. Modera Wealth Management LLC now owns 64,000 shares of the company’s stock worth $529,000 after buying an additional 9,424 shares during the period. 52.85% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Joby Aviation

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.