Needham & Company LLC Has Lowered Expectations for Joby Aviation (NYSE:JOBY) Stock Price

Joby Aviation (NYSE:JOBY) had its price target reduced by Needham & Company LLC from $15.00 to $10.00 in a report issued on Thursday, MarketBeat reports. The brokerage currently has a “buy” rating on the stock. Needham & Company LLC‘s target price would suggest a potential upside of 97.75% from the company’s current price.

JOBY has been the subject of several other research reports. Susquehanna set a $18.00 price objective on shares of Joby Aviation in a research note on Thursday, August 6th. Morgan Stanley dropped their target price 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. Cantor Fitzgerald restated a “neutral” rating on shares of Joby Aviation in a research note on Monday, September 21st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Joby Aviation in a report on Monday, October 12th. Finally, Barclays started coverage on Joby Aviation in a research report on Friday, October 9th. They set an “underweight” rating and a $4.00 price target for the company. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $11.33.

Joby Aviation Stock Performance

NYSE JOBY opened at $5.06 on Thursday. Joby Aviation has a 1 year low of $4.43 and a 1 year high of $17.10. The company has a debt-to-equity ratio of 0.40, a current ratio of 17.98 and a quick ratio of 17.98. The firm has a market cap of $5.00 billion, a price-to-earnings ratio of -5.11 and a beta of 2.84. The company has a fifty day moving average price of $5.79 and a 200-day moving average price of $8.54.

Joby Aviation (NYSE:JOBY) last released its quarterly earnings results on Thursday, November 5th. The company reported ($0.22) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.03. Joby Aviation had a negative net margin of 755.11% and a negative return on equity of 55.29%. The company had revenue of $55.09 million for the quarter, compared to analyst estimates of $38.95 million. During the same period last year, the firm earned ($0.48) earnings per share. The firm’s revenue was up 143.8% on a year-over-year basis. As a group, equities research analysts predict that Joby Aviation will post -1.00 EPS for the current fiscal year.

Insider Buying and Selling

In other Joby Aviation news, insider Kate Dehoff sold 8,279 shares of the stock in a transaction on Tuesday, October 13th. The stock was sold at an average price of $5.09, for a total transaction of $42,140.11. Following the completion of the transaction, the insider directly owned 196,964 shares of the company’s stock, valued at approximately $1,002,546.76. This represents a 4.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO JoeBen Bevirt sold 15,789 shares of the firm’s stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $5.95, for a total value of $93,944.55. Following the completion of the sale, the chief executive officer directly owned 254,519 shares of the company’s stock, valued at $1,514,388.05. This represents a 5.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 worth $6,340,090 in the last three months. Insiders own 20.35% of the company’s stock.

Institutional Investors Weigh In On Joby Aviation

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Ancora Advisors LLC purchased a new stake in Joby Aviation during the 2nd quarter worth about $27,000. Leonteq Securities AG boosted its stake in Joby Aviation by 295.2% in the 1st quarter. Leonteq Securities AG now owns 4,351 shares of the company’s stock worth $36,000 after purchasing an additional 3,250 shares during the period. Western Wealth Management LLC purchased a new position in Joby Aviation during the 1st quarter valued at about $37,000. Geneos Wealth Management Inc. grew its holdings in Joby Aviation by 95.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 5,385 shares of the company’s stock valued at $44,000 after buying an additional 2,630 shares in the last quarter. Finally, Parallel Advisors LLC increased its position in shares of Joby Aviation by 42.5% during the third quarter. Parallel Advisors LLC now owns 8,597 shares of the company’s stock valued at $52,000 after buying an additional 2,562 shares during the period. Institutional investors own 52.85% of the company’s stock.

Trending Headlines about Joby Aviation

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

• Positive Sentiment: Joby reported third-quarter revenue of $55.1 million, up 143.8% year over year and well above analysts’ estimates. Its loss of $0.22 per share was also narrower than expected. Q3 results
• Positive Sentiment: The company outlined a 2026 revenue target of $135 million–$140 million and is aiming for FAA Type Inspection Authorization in the first half of 2027. It also said it has entered the final stage of type certification and completed a range of FAA “for credit” tests. Revenue plan and certification timeline
• Positive Sentiment: The U.S. Air Force’s commitment to Joby’s autonomous-flight work has grown to nearly $37 million, with the contract ceiling raised to $50 million. Joby also reported first flights in Texas and Florida and 37% manufacturing-output growth. Air Force funding announcement
• Neutral Sentiment: Joby’s acquisition of Resonant Sciences expands its defense capabilities, but investors will be watching how the deal contributes to results alongside the company’s air-taxi development. Resonant Sciences acquisition
• Negative Sentiment: Despite beating estimates, Joby reported a $212 million quarterly net loss. Certification, commercialization and cash needs remain significant risks, and the aircraft is not yet FAA-certified. Earnings and remaining hurdles

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.