FY2026 EPS Estimate for Joby Aviation Raised by Analyst

Joby Aviation, Inc. (NYSE:JOBY) – Analysts at HC Wainwright raised their FY2026 earnings estimates for Joby Aviation in a research note issued to investors on Thursday, November 5th. HC Wainwright analyst A. Dayal now expects that the company will earn ($0.96) per share for the year, up from their prior estimate of ($0.98). HC Wainwright currently has a “Buy” rating and a $18.00 target price on the stock. The consensus estimate for Joby Aviation’s current full-year earnings is ($0.97) per share. HC Wainwright also issued estimates for Joby Aviation’s Q4 2026 earnings at ($0.28) EPS, FY2027 earnings at ($0.96) EPS, FY2028 earnings at ($0.82) EPS, FY2029 earnings at ($0.66) EPS and FY2030 earnings at ($0.40) EPS.

Joby Aviation (NYSE:JOBY) last announced its earnings results on Wednesday, November 4th. The company reported ($0.22) earnings per share for the quarter, topping the consensus estimate of ($0.25) by $0.03. Joby Aviation had a negative net margin of 462.85% and a negative return on equity of 48.24%. The business had revenue of $55.09 million during the quarter, compared to the consensus estimate of $38.95 million. During the same quarter in the prior year, the firm earned ($0.48) earnings per share. The business’s quarterly revenue was up 143.8% compared to the same quarter last year.

Other research analysts also recently issued reports about the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Joby Aviation in a research note on Monday, October 12th. Wall Street Zen upgraded Joby Aviation from a “strong sell” rating to a “sell” rating in a research note on Saturday. Susquehanna set a $18.00 price target on Joby Aviation in a report on Thursday, August 6th. Canaccord Genuity Group upgraded shares of Joby Aviation from a “hold” rating to a “buy” rating and lowered their price objective for the company from $11.50 to $7.00 in a research report on Thursday, November 5th. Finally, Morgan Stanley lowered their price objective on shares of Joby Aviation from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Friday, October 16th. Three investment 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 MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $11.33.

Joby Aviation Stock Down 4.5%

JOBY opened at $5.90 on Monday. The business has a 50 day moving average price of $5.69 and a two-hundred day moving average price of $8.36. The company has a quick ratio of 18.29, a current ratio of 18.29 and a debt-to-equity ratio of 0.40. Joby Aviation has a 52 week low of $4.43 and a 52 week high of $17.10.

Institutional Investors Weigh In On Joby Aviation

Hedge funds and other institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC increased its stake in Joby Aviation by 194.5% in the first quarter. Renaissance Technologies LLC now owns 4,005,200 shares of the company’s stock valued at $33,083,000 after purchasing an additional 2,645,200 shares during the last quarter. Voya Investment Management LLC boosted its stake in Joby Aviation by 23.4% in the 3rd quarter. Voya Investment Management LLC now owns 5,753,553 shares of the company’s stock worth $34,809,000 after buying an additional 1,091,106 shares during the last quarter. Amova Asset Management Americas Inc. grew its holdings in Joby Aviation by 48.1% in the 1st 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 period. Sumitomo Mitsui Trust Group Inc. grew its holdings in Joby Aviation by 48.1% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,679,515 shares of the company’s stock valued at $22,133,000 after buying an additional 870,244 shares during the period. Finally, Bank of Nova Scotia purchased a new stake in Joby Aviation in the 1st quarter valued at about $6,915,000. Hedge funds and other institutional investors own 52.85% of the company’s stock.

Insider Activity at Joby Aviation

In other news, Director Paul Sciarra sold 62,500 shares of the stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $6.09, for a total value of $380,625.00. Following the sale, the director directly owned 55,640,557 shares in the company, valued at $338,850,992.13. This represents a 0.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Bonny Simi sold 10,890 shares of the stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $5.95, for a total value of $64,795.50. Following the sale, the insider owned 241,923 shares in the company, valued at approximately $1,439,441.85. This trade represents a 4.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 1,017,628 shares of company stock valued at $6,340,090 in the last quarter. 20.35% of the stock is owned by corporate insiders.

Joby Aviation Company Profile

Joby Aviation, Inc. develops electric vertical takeoff and landing (eVTOL) aircraft for passenger transportation. Its aircraft are designed to take off and land vertically, then fly like an airplane, with the goal of providing quiet, zero-operating-emission air taxi services for urban and regional trips. Founded in 2009 by JoeBen Bevirt, the California-based company is working to develop and manufacture its aircraft and establish the operations needed to offer commercial passenger flights. Joby has also pursued partnerships to support its planned air taxi service and connect it with existing transportation platforms.