Joby Aviation (NYSE:JOBY) Price Target Lowered to $7.00 at JPMorgan Chase & Co.

Joby Aviation (NYSE:JOBY) had its price objective decreased by JPMorgan Chase & Co. from $8.00 to $7.00 in a research report sent to investors on Thursday morning,Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the stock.

Several other equities analysts also recently 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 for the company in a research note on Thursday. Zacks Research raised Joby Aviation from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Canaccord Genuity Group restated a “hold” rating and set a $15.50 price target on shares of Joby Aviation in a research note on Tuesday, February 3rd. Oppenheimer set a $18.00 price objective on Joby Aviation in a research note on Thursday. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Joby Aviation in a report on Thursday, January 22nd. 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 stock. According to data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $13.81.

Joby Aviation Stock Up 4.2%

Shares of Joby Aviation stock opened at $10.23 on Thursday. Joby Aviation has a 52 week low of $4.96 and a 52 week high of $20.95. The firm’s 50 day moving average is $12.68 and its two-hundred day moving average is $14.40. The firm has a market capitalization of $9.33 billion, a P/E ratio of -8.97 and a beta of 2.57.

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

Insiders Place Their Bets

In other news, insider Didier Papadopoulos sold 6,366 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $9.74, for a total transaction of $62,004.84. Following the transaction, the insider directly owned 128,548 shares in the company, valued at $1,252,057.52. The trade was a 4.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Eric Allison sold 9,815 shares of the firm’s stock in a transaction dated 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 sale, the insider owned 713,268 shares of the company’s stock, valued at approximately $7,047,087.84. The trade was a 1.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 1,470,074 shares of company stock valued at $16,083,913. Corporate insiders own 28.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Royal Bank of Canada raised its position in Joby Aviation by 110.5% in the first quarter. Royal Bank of Canada now owns 85,070 shares of the company’s stock worth $512,000 after acquiring an additional 44,659 shares in the last quarter. AQR Capital Management LLC purchased a new position in shares of Joby Aviation in the 1st quarter valued at about $273,000. Strs Ohio acquired a new stake in shares of Joby Aviation in the first quarter valued at about $37,000. CWM LLC boosted its holdings in Joby Aviation by 8.1% during the second quarter. CWM LLC now owns 9,156 shares of the company’s stock worth $97,000 after buying an additional 689 shares in the last quarter. Finally, AlphaQuest LLC grew its position in Joby Aviation by 225.8% during the second quarter. AlphaQuest LLC now owns 5,444 shares of the company’s stock worth $57,000 after buying an additional 3,773 shares during the period. Institutional investors and hedge funds own 52.85% of the company’s stock.

Joby Aviation News Roundup

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

• Positive Sentiment: Q4 beat: Joby reported ($0.14) EPS vs. consensus ($0.20) and revenue of $30.84M (well above estimates), showing sharply reduced losses and accelerating top‑line traction — a key near‑term catalyst for bullish positioning. Earnings Release
• Positive Sentiment: Certification/commercial timing: Joby reiterated progress toward FAA certification and is targeting first passenger flights in 2026 — news that supports the revenue pathway investors are valuing. Joby targets first passenger flights in 2026
• Positive Sentiment: Commercial traction: Joby launched Uber air‑taxi bookings, boosting the commercialization narrative and investor interest in near‑term demand for its service. Uber booking launch
• Positive Sentiment: Funding/liquidity: Coverage notes Joby strengthened its balance sheet (including recent fundraising activity reported alongside results), easing short‑term cash‑runway concerns that had been a major downside risk. Earnings highlights & funding
• Positive Sentiment: Institutional/insider flows: Reports show notable investor interest (including a reported position by Dmitry Balyasny), which can support rallies when operational news is positive. Legendary investor Dmitry Balyasny loads up
• Neutral Sentiment: Options activity: Unusual volume in call options (≈40,845 calls) shows short‑term speculative or hedged bullish interest but is ambiguous for direction. (No article link provided)
• Negative Sentiment: Analyst downgrade/price‑target cut: JPMorgan lowered its price target to $7 and assigned an “underweight” rating, adding fresh downside pressure and giving traders a reason to sell into rallies. JPMorgan underweight note
• Negative Sentiment: Insider selling: Recent small but repeated insider sales by an executive may weigh on sentiment despite being modest in size. SEC Form 4 — Gregory Bowles
• Negative Sentiment: Valuation/technical risk: Multiple analysts highlight rich valuation versus execution risk; JOBY sits below its 50‑ and 200‑day moving averages, increasing downside vulnerability if the company fails to deliver clear certification/production milestones. Analyst/sector coverage

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.