Joby Aviation (NYSE:JOBY) Raised to Buy at Canaccord Genuity Group

Joby Aviation (NYSE:JOBY) was upgraded by Canaccord Genuity Group from a “hold” rating to a “buy” rating in a research report issued on Thursday, MarketBeat.com reports. The brokerage currently has a $7.00 target price on the stock, down from their prior target price of $11.50. Canaccord Genuity Group‘s price target suggests a potential upside of 17.94% from the stock’s previous close.

Several other equities analysts also recently weighed in on JOBY. Morgan Stanley dropped their price objective on Joby Aviation from $13.00 to $10.00 and set an “equal weight” rating for the company in a research note on Friday, October 16th. Wall Street Zen downgraded Joby Aviation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 8th. Susquehanna set a $18.00 price target on Joby Aviation in a research note on Thursday, August 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Joby Aviation in a research report on Monday, October 12th. Finally, Cantor Fitzgerald reiterated a “neutral” rating on shares of Joby Aviation in a research report on Monday, September 21st. Three equities 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 price target of $11.33.

Joby Aviation Price Performance

Shares of NYSE JOBY traded up $0.64 during midday trading on Thursday, hitting $5.93. The company had a trading volume of 32,597,603 shares, compared to its average volume of 20,995,446. The firm has a market capitalization of $5.87 billion, a price-to-earnings ratio of -8.13 and a beta of 2.84. Joby Aviation has a twelve month low of $4.43 and a twelve month high of $17.10. The business has a 50-day simple moving average of $5.73 and a two-hundred day simple moving average of $8.44. The company has a quick ratio of 17.98, a current ratio of 17.98 and a debt-to-equity ratio of 0.40.

Joby Aviation (NYSE:JOBY) last issued its earnings results on Wednesday, November 4th. The company reported ($0.22) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.03. Joby Aviation had a negative net margin of 755.11% and a negative return on equity of 55.29%. The company had revenue of $55.09 million during the quarter, compared to analysts’ expectations of $38.95 million. During the same period last year, the company posted ($0.48) earnings per share. The firm’s quarterly revenue was up 143.8% compared to the same quarter last year. Equities research analysts anticipate that Joby Aviation will post -1.00 earnings per share for the current year.

Insider Transactions at Joby Aviation

In other Joby Aviation news, Director Paul Sciarra sold 62,500 shares of the stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $4.97, for a total transaction of $310,625.00. Following the sale, the director owned 55,578,057 shares in the company, valued at approximately $276,222,943.29. This represents a 0.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kate Dehoff sold 8,279 shares of the firm’s stock in a transaction on Tuesday, October 13th. The stock was sold at an average price of $5.09, for a total value of $42,140.11. Following the transaction, the insider directly owned 196,964 shares of the company’s stock, valued at $1,002,546.76. The trade was a 4.03% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 1,017,628 shares of company stock worth $6,340,090 in the last quarter. Insiders own 20.35% of the company’s stock.

Institutional Trading of Joby Aviation

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. boosted its position in Joby Aviation by 33.3% during the third quarter. Russell Investments Group Ltd. now owns 470,518 shares of the company’s stock worth $2,847,000 after acquiring an additional 117,644 shares during the last quarter. Fifth Third Bancorp raised its stake in shares of Joby Aviation by 102.0% in the 3rd quarter. Fifth Third Bancorp now owns 890,411 shares of the company’s stock valued at $5,387,000 after acquiring an additional 449,549 shares during the period. Lido Advisors LLC lifted its holdings in shares of Joby Aviation by 20.1% during the 3rd quarter. Lido Advisors LLC now owns 14,685 shares of the company’s stock valued at $89,000 after acquiring an additional 2,457 shares in the last quarter. D Orazio & Associates Inc. lifted its holdings in shares of Joby Aviation by 6.3% during the 3rd quarter. D Orazio & Associates Inc. now owns 70,853 shares of the company’s stock valued at $429,000 after acquiring an additional 4,183 shares in the last quarter. Finally, Clear Wave Wealth Management LLC purchased a new stake in Joby Aviation during the 3rd quarter worth $73,000. 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 third-quarter revenue of about $55.1 million, well above analyst estimates, and a loss of $0.22 per share that was narrower than expected. The company also raised its 2026 revenue outlook to $135 million–$140 million. Article: Why Joby Aviation Stock Flew Higher Today
• Positive Sentiment: The company said its aircraft has reached the FAA’s fifth and final certification stage, with “for credit” testing underway, and is targeting type inspection authorization in the first half of 2027. That progress supports hopes of eventual commercial operations, though certification is not yet complete. Article: Joby Advances Certification Testing, Builds Fleet For Early Operations
• Positive Sentiment: Joby cited a 37% increase in manufacturing output, a record quarter for its Blade passenger business and additional Air Force support. The Air Force partnership’s committed spending is nearing $37 million, adding a defense-related revenue opportunity alongside its air-taxi plans. Article: Joby’s Caravan Crosses US With Zero Pilot Inputs; Air Force Contract Nears $37M
• Neutral Sentiment: Analyst views were mixed but generally remained constructive: Canaccord upgraded the shares to Buy while lowering its price target, and Needham retained a Buy rating while also cutting its target. Analyst rating information
• Negative Sentiment: Joby still posted a net loss of about $212 million for the quarter, highlighting substantial ongoing cash burn. Its roughly $2.2 billion in cash and short-term investments provides a significant runway, but investors remain focused on whether the company can complete certification and scale operations before funding needs become a greater concern. Article: Joby Aviation Stock Price Rises After Q3 Results Spotlight Cash Burn

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.