Joby Aviation (NYSE:JOBY) Upgraded to “Sell” at Wall Street Zen

Wall Street Zen upgraded shares of Joby Aviation (NYSE:JOBY) from a strong sell rating to a sell rating in a research report sent to investors on Sunday.

Several other analysts also recently weighed in on the company. Oppenheimer set a $18.00 price target on Joby Aviation in a research note on Thursday, February 26th. Morgan Stanley dropped their price target on Joby Aviation from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. dropped their price target on Joby Aviation from $8.00 to $7.00 and set an “underweight” rating on the stock in a research note on Thursday, February 26th. HC Wainwright reiterated a “buy” rating and set a $18.00 price target on shares of Joby Aviation in a research note on Thursday, March 12th. Finally, Canaccord Genuity Group dropped their price target on Joby Aviation from $15.50 to $11.50 and set a “hold” rating on the stock in a research note on Thursday. 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’s stock. According to MarketBeat, Joby Aviation presently has a consensus rating of “Reduce” and an average target price of $13.06.

Joby Aviation Stock Performance

Shares of JOBY opened at $10.89 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 22.05 and a current ratio of 22.06. The stock has a 50-day moving average of $9.18 and a two-hundred day moving average of $12.20. The stock has a market cap of $10.67 billion, a P/E ratio of -9.47 and a beta of 2.61. Joby Aviation has a one year low of $6.42 and a one year high of $20.95.

Joby Aviation (NYSE:JOBY) last posted its quarterly earnings results 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. The business had revenue of $24.25 million for the quarter, compared to the consensus estimate of $20.17 million. Joby Aviation had a negative return on equity of 60.54% and a negative net margin of 1,232.62%.During the same quarter in the previous year, the business earned ($0.11) EPS. As a group, research analysts predict that Joby Aviation will post -0.85 EPS for the current year.

Insider Activity

In other news, insider Kate Dehoff sold 16,235 shares of the business’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $9.91, for a total value of $160,888.85. Following the completion of the transaction, the insider owned 149,369 shares of the company’s stock, valued at $1,480,246.79. The trade was a 9.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Eric Allison sold 74,844 shares of the business’s 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 completion of the transaction, the insider directly owned 676,008 shares of the company’s stock, valued at approximately $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 sold a total of 1,333,688 shares of company stock valued at $12,663,232 in the last quarter. 32.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Joby Aviation

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Joby Aviation by 5.1% in the 4th quarter. Vanguard Group Inc. now owns 52,488,707 shares of the company’s stock valued at $692,851,000 after buying an additional 2,540,382 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Joby Aviation by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 11,790,532 shares of the company’s stock valued at $155,671,000 after buying an additional 390,794 shares during the period. State Street Corp lifted its holdings in shares of Joby Aviation by 5.0% in the 4th quarter. State Street Corp now owns 10,812,929 shares of the company’s stock valued at $142,731,000 after buying an additional 512,129 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Joby Aviation by 6.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,370,983 shares of the company’s stock valued at $57,697,000 after buying an additional 271,475 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of Joby Aviation by 41.2% in the 3rd quarter. Bank of America Corp DE now owns 4,192,109 shares of the company’s stock valued at $67,661,000 after buying an additional 1,223,412 shares during the period. Institutional investors and hedge funds own 52.85% of the company’s stock.

Key Stories Impacting 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.