Joby Aviation (NYSE:JOBY) Upgraded to “Buy” at Canaccord Genuity Group

Canaccord Genuity Group upgraded shares of Joby Aviation (NYSE:JOBY) from a hold rating to a buy rating in a research report released on Thursday morning, Marketbeat reports. Canaccord Genuity Group currently has $7.00 price objective on the stock, down from their previous price objective of $11.50.

A number of other brokerages also recently issued reports on JOBY. Susquehanna set a $18.00 price target on Joby Aviation in a report on Thursday, August 6th. HC Wainwright reaffirmed a “buy” rating and set a $18.00 price objective on shares of Joby Aviation in a research note on Monday, September 21st. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Joby Aviation in a research note on Monday, September 21st. Wall Street Zen lowered shares of Joby Aviation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 8th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Joby Aviation in a report on Monday, October 12th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $11.33.

Joby Aviation Stock Performance

Shares of JOBY stock opened at $5.30 on Thursday. The stock has a market cap of $5.25 billion, a PE ratio of -7.27 and a beta of 2.84. The business has a 50-day simple moving average of $5.75 and a 200-day simple moving average of $8.48. 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 has a 52-week low of $4.43 and a 52-week high of $17.10.

Joby Aviation (NYSE:JOBY) last issued its earnings results on Wednesday, November 4th. The company reported ($0.22) EPS for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.03. The firm had revenue of $55.09 million for the quarter, compared to the consensus estimate of $38.95 million. Joby Aviation had a negative return on equity of 48.49% and a negative net margin of 462.85%. The company’s revenue was up 143.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.48) earnings per share. On average, equities analysts expect that Joby Aviation will post -1.00 EPS for the current year.

Insider Buying and Selling at Joby Aviation

In other news, CEO JoeBen Bevirt sold 15,789 shares of the firm’s stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $5.95, for a total transaction of $93,944.55. Following the sale, the chief executive officer directly owned 254,519 shares in the company, valued at $1,514,388.05. This trade represents a 5.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Eric Allison sold 27,593 shares of Joby Aviation stock in a transaction dated Tuesday, October 13th. The shares were sold at an average price of $5.09, for a total value of $140,448.37. Following the completion of the transaction, the insider owned 745,120 shares of the company’s stock, valued at approximately $3,792,660.80. This represents a 3.57% 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. Over the last 90 days, insiders sold 1,017,628 shares of company stock worth $6,340,090. 20.35% of the stock is currently owned by company insiders.

Institutional Trading of Joby Aviation

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Fifth Third Bancorp raised its stake in shares of Joby Aviation by 102.0% during the 3rd quarter. Fifth Third Bancorp now owns 890,411 shares of the company’s stock worth $5,387,000 after buying an additional 449,549 shares during the period. Lido Advisors LLC lifted its position 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 buying an additional 2,457 shares in the last quarter. D Orazio & Associates Inc. grew its stake in Joby Aviation by 6.3% in 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 during the period. Clear Wave Wealth Management LLC acquired a new stake in Joby Aviation in the 3rd quarter valued at $73,000. Finally, J. Derek Lewis & Associates Inc. grew its stake in Joby Aviation by 44.4% in the 3rd quarter. J. Derek Lewis & Associates Inc. now owns 19,200 shares of the company’s stock valued at $116,000 after acquiring an additional 5,900 shares during the period. 52.85% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Joby Aviation

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

• Positive Sentiment: Joby reported third-quarter revenue of about $55 million, up roughly 144% year over year and well above analysts’ estimates. Its per-share loss was also narrower than expected, and the company raised its 2026 revenue outlook to $135 million–$140 million. Joby Reports Third Quarter 2026 Financial Results
• Positive Sentiment: The company said it has entered the FAA’s fifth and final type-certification stage, with “for-credit” testing underway, and is targeting type inspection authorization in the first half of 2027. Certification progress is an important step toward commercial operations. Joby advances final stages of FAA certification
• Positive Sentiment: Joby’s Blade passenger business had a record quarter, while manufacturing output grew 37%. The U.S. Air Force also expanded its commitment to nearly $37 million for autonomous-flight development, supporting a defense business alongside its air-taxi ambitions. Joby expands autonomous flight contracts
• Neutral Sentiment: Analyst actions were mixed: Canaccord raised its rating to Buy but lowered its price target to $7, while Needham kept a Buy rating and cut its target to $10. Canaccord analyst actions
• Negative Sentiment: Despite the revenue beat, Joby recorded a quarterly net loss of $212 million. Continued heavy cash use, plus the uncertainty and time required to complete certification and launch commercial service, remain key risks for investors. Q3 earnings-call highlights

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.