Joby Aviation (NYSE:JOBY) Downgraded by Wall Street Zen to Strong Sell

Wall Street Zen downgraded shares of Joby Aviation (NYSE:JOBY) from a sell rating to a strong sell rating in a research note released on Saturday.

Several other equities research analysts have also commented on the stock. Needham & Company LLC reissued a “buy” rating and issued a $18.00 price target on shares of Joby Aviation in a report on Tuesday, April 28th. JPMorgan Chase & Co. dropped their target price on shares of Joby Aviation from $8.00 to $7.00 and set an “underweight” rating for the company in a report on Thursday, February 26th. Oppenheimer set a $18.00 target price on shares of Joby Aviation in a report on Thursday, February 26th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Joby Aviation in a report on Tuesday, April 21st. Finally, Canaccord Genuity Group reaffirmed a “hold” rating and set a $15.50 target price on shares of Joby Aviation in a report on Tuesday, February 3rd. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Joby Aviation currently has an average rating of “Reduce” and a consensus price target of $13.81.

Joby Aviation Stock Performance

Shares of NYSE JOBY opened at $9.28 on Friday. The firm has a market cap of $9.08 billion, a PE ratio of -8.14 and a beta of 2.61. The firm has a fifty day moving average of $9.18 and a 200 day moving average of $12.38. Joby Aviation has a one year low of $6.18 and a one year high of $20.95.

Joby Aviation (NYSE:JOBY) last issued its quarterly earnings results on Wednesday, February 25th. The company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.06. The company had revenue of $30.84 million during the quarter, compared to analysts’ expectations of $16.88 million. Joby Aviation’s revenue was up 5506.5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.34) EPS. On average, equities analysts predict that Joby Aviation will post -0.82 EPS for the current fiscal year.

Insider Buying and Selling at Joby Aviation

In other news, insider Didier Papadopoulos sold 3,394 shares of the company’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $8.76, for a total transaction of $29,731.44. Following the completion of the sale, the insider owned 144,284 shares of the company’s stock, valued at $1,263,927.84. This represents a 2.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Joeben Bevirt sold 39,963 shares of the business’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $9.03, for a total transaction of $360,865.89. Following the transaction, the chief executive officer directly owned 224,823 shares in the company, valued at approximately $2,030,151.69. The trade was a 15.09% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 1,774,220 shares of company stock valued at $17,386,938. 28.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of JOBY. Pier 88 Investment Partners LLC acquired a new position in Joby Aviation in the third quarter valued at about $635,000. Udine Wealth Management Inc. acquired a new position in Joby Aviation in the third quarter valued at about $1,414,000. Kemnay Advisory Services Inc. acquired a new position in Joby Aviation in the third quarter valued at about $2,830,000. Kingsview Wealth Management LLC lifted its position in Joby Aviation by 838.2% in the third quarter. Kingsview Wealth Management LLC now owns 96,759 shares of the company’s stock valued at $1,562,000 after buying an additional 86,446 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its position in Joby Aviation by 32.6% in the third quarter. New York State Common Retirement Fund now owns 193,856 shares of the company’s stock valued at $3,129,000 after buying an additional 47,705 shares during the last quarter. Institutional investors and hedge funds own 52.85% of the company’s stock.

Key Headlines Impacting Joby Aviation

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

• Positive Sentiment: Successful live demonstration flight at NYC’s East 34th Street Heliport showcased Joby’s all‑electric eVTOL operating safely within existing urban infrastructure — a concrete step toward commercial service and municipal/FAA acceptance. Article Title
• Positive Sentiment: Media and local officials attended Joby’s NYC demonstration, increasing public and regulatory visibility for Joby’s integration pilot program — this kind of endorsement can accelerate route approvals and vertiport partnerships. Article Title
• Positive Sentiment: Analyst/upside coverage highlights a large potential rerating as Joby shifts from certification to commercialization, citing Dubai readiness, a stronger balance sheet, and FAA progress as drivers for upside. That narrative supports bullish investor positioning. Article Title
• Neutral Sentiment: Industry coverage frames 2026 as make‑or‑break for Joby and lists specific signals to watch (certification milestones, early commercial metrics, next earnings) — useful watchlist items but not immediate catalysts. Article Title
• Neutral Sentiment: Sector spillover: Joby’s NYC flights have drawn attention to peers (e.g., Archer), highlighting regulatory progress for the whole eVTOL space — this can lift the sector but also reallocate investor interest among competitors. Article Title
• Negative Sentiment: High-profile skepticism persists — commentators like Jim Cramer publicly call Joby “way too risky,” which can pressure sentiment and deter risk‑averse investors despite positive operational news. Article Title

About Joby Aviation

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.