Joby Aviation (NYSE:JOBY) Stock Price Down 1.5% After Analyst Downgrade

Joby Aviation, Inc. (NYSE:JOBY)’s share price dropped 1.5% during trading on Friday after JPMorgan Chase & Co. lowered their price target on the stock from $8.00 to $7.00. JPMorgan Chase & Co. currently has an underweight rating on the stock. Joby Aviation traded as low as $9.81 and last traded at $10.0720. Approximately 27,499,874 shares were traded during mid-day trading, a decline of 7% from the average daily volume of 29,677,535 shares. The stock had previously closed at $10.23.

Several other analysts have also issued reports on JOBY. HC Wainwright upgraded shares of Joby Aviation from a “neutral” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Thursday. The Goldman Sachs Group assumed coverage on shares of Joby Aviation in a research report on Monday, December 1st. They set a “sell” rating and a $10.00 price target for the company. Oppenheimer set a $18.00 price target on shares of Joby Aviation in a research note on Thursday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Joby Aviation in a research report on Thursday, January 22nd. Finally, Needham & Company LLC dropped their target price on shares of Joby Aviation to $18.00 and set a “buy” rating for the company in a report on Thursday. Two 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’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $13.81.

Insider Activity

In other Joby Aviation news, insider Gregory Bowles sold 11,530 shares of the stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $9.62, for a total transaction of $110,918.60. Following the sale, the insider directly owned 170,360 shares in the company, valued at $1,638,863.20. This represents a 6.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Eric Allison sold 9,815 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $9.88, for a total transaction of $96,972.20. Following the completion of the transaction, the insider directly owned 713,268 shares of the company’s stock, valued at $7,047,087.84. This represents a 1.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,470,074 shares of company stock worth $16,083,913 over the last 90 days. Company insiders own 28.50% of the company’s stock.

Key Headlines Impacting Joby Aviation

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

• Positive Sentiment: Q4 results beat revenue and EPS estimates; company issued 2026 revenue guidance of $105M–$115M, signaling stronger near-term commercial traction. Zacks: Q4 beat & 2026 guidance
• Positive Sentiment: Ongoing strategic partnership with Uber — including a planned Dubai launch this year — supports a clear commercial pathway for Joby’s eVTOL services and monetization narrative. Fool: Uber partnership / Dubai launch
• Positive Sentiment: Certification and first-passenger flight milestones are advancing (FAA/TIA activity) and management highlights a strengthened balance sheet after a recent $1.8B capital raise — improving runway for commercialization. AviationBusinessME: certification/first flights
• Neutral Sentiment: Brokerage coverage is active: HC Wainwright reiterates a Buy and models continued quarterly losses (about -$0.20 EPS per quarter in 2026) with an $18 target — supportive but dependent on execution. MarketBeat: HC Wainwright estimates
• Neutral Sentiment: Unusually large options activity (heavy call buying) suggests increased speculative interest/positioning ahead of near-term catalysts.
• Negative Sentiment: JPMorgan cut its price target to $7 and moved to Underweight, highlighting downside risk if execution or cash burn concerns re-emerge. Benzinga: JPMorgan PT cut to $7
• Negative Sentiment: Despite revenue acceleration, Joby still reports heavy losses and analysts’ consensus forecasts a negative full-year EPS (~-0.69), keeping valuation and cash-burn scrutiny high. Yahoo Finance: valuation and losses analysis

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of JOBY. Toyota Motor Corp raised its position in Joby Aviation by 63.1% in the 2nd quarter. Toyota Motor Corp now owns 128,454,401 shares of the company’s stock valued at $1,355,194,000 after purchasing an additional 49,701,790 shares in the last quarter. Vanguard Group Inc. grew 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 in the last quarter. Man Group plc purchased a new stake in shares of Joby Aviation during the third quarter worth approximately $40,283,000. Norges Bank acquired a new stake in Joby Aviation in the fourth quarter valued at approximately $32,269,000. Finally, Clear Street Group Inc. purchased a new position in Joby Aviation in the third quarter worth approximately $36,264,000. 52.85% of the stock is owned by institutional investors and hedge funds.

Joby Aviation Price Performance

The company has a market cap of $9.18 billion, a PE ratio of -8.84 and a beta of 2.57. The business’s 50 day moving average is $12.68 and its 200-day moving average is $14.40.

Joby Aviation (NYSE:JOBY) last announced its quarterly earnings data on Wednesday, February 25th. The company reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.06. The firm had revenue of $30.84 million during the quarter, compared to analysts’ expectations of $16.88 million. The company’s revenue for the quarter was up 5506.5% on a year-over-year basis. During the same period in the prior year, the company posted ($0.34) earnings per share. As a group, sell-side analysts predict that Joby Aviation, Inc. will post -0.69 EPS for the current fiscal year.

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.