Joby Aviation (NYSE:JOBY) Shares Up 8.8% – Should You Buy?

Joby Aviation, Inc. (NYSE:JOBY)’s share price traded up 8.8% on Friday . The stock traded as high as $10.90 and last traded at $10.8940. 34,954,918 shares changed hands during mid-day trading, an increase of 27% from the average session volume of 27,536,246 shares. The stock had previously closed at $10.01.

Joby Aviation News Summary

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

Analyst Ratings Changes

Several analysts recently weighed in on the company. HC Wainwright reissued a “buy” rating and issued a $18.00 price objective on shares of Joby Aviation in a report on Thursday, March 12th. Needham & Company LLC reissued a “buy” rating and issued a $18.00 price objective on shares of Joby Aviation in a report on Wednesday. Oppenheimer set a $18.00 price objective on Joby Aviation in a report on Thursday, February 26th. Wall Street Zen raised Joby Aviation from a “strong sell” rating to a “sell” rating in a report on Sunday. Finally, Weiss Ratings lowered Joby Aviation from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, May 4th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Joby Aviation presently has a consensus rating of “Reduce” and an average price target of $13.06.

Joby Aviation Stock Up 8.8%

The stock has a 50 day simple moving average of $9.18 and a 200 day simple moving average of $12.20. The company has a market capitalization of $10.67 billion, a price-to-earnings ratio of -9.47 and a beta of 2.61.

Joby Aviation (NYSE:JOBY) last issued its quarterly earnings data on Tuesday, May 5th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.09. The business had revenue of $24.25 million during the quarter, compared to the consensus estimate 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 period in the previous year, the firm posted ($0.11) earnings per share. As a group, analysts forecast that Joby Aviation, Inc. will post -0.85 EPS for the current year.

Insider Transactions at Joby Aviation

In other news, insider Eric Allison sold 74,844 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $10.00, for a total transaction of $748,440.00. Following the completion of the transaction, the insider directly owned 676,008 shares in the company, valued at approximately $6,760,080. The trade was a 9.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kate Dehoff sold 16,235 shares of the business’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $9.91, for a total value of $160,888.85. Following the transaction, the insider owned 149,369 shares of the company’s stock, valued at approximately $1,480,246.79. This represents a 9.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 1,840,870 shares of company stock worth $18,049,505. Company insiders own 28.50% of the company’s stock.

Hedge Funds Weigh In On Joby Aviation

Several hedge funds and other institutional investors have recently made changes to their positions in JOBY. Vanguard Group Inc. boosted its position in shares of Joby Aviation by 13.2% during the third quarter. Vanguard Group Inc. now owns 49,948,325 shares of the company’s stock worth $806,166,000 after buying an additional 5,828,189 shares during the period. Man Group plc acquired a new position in shares of Joby Aviation during the third quarter worth approximately $40,283,000. Norges Bank acquired a new position in shares of Joby Aviation during the fourth quarter worth approximately $32,269,000. Clear Street Group Inc. acquired a new position in shares of Joby Aviation during the third quarter worth approximately $36,264,000. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Joby Aviation by 80.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,384,180 shares of the company’s stock worth $44,672,000 after buying an additional 1,512,094 shares during the period. 52.85% of the stock is currently owned by institutional investors and hedge funds.

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.