Needham & Company LLC Cuts Joby Aviation (NYSE:JOBY) Price Target to $15.00

Joby Aviation (NYSE:JOBY) had its target price cut by Needham & Company LLC from $18.00 to $15.00 in a research note released on Thursday morning, MarketBeat Ratings reports. They currently have a buy rating on the stock.

JOBY has been the subject of several other reports. Wall Street Zen raised Joby Aviation from a “strong sell” rating to a “sell” rating in a research report on Sunday, May 10th. Barclays raised shares of Joby Aviation to a “hold” rating in a report on Wednesday, July 29th. Morgan Stanley dropped their price objective on shares of Joby Aviation from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 6th. Canaccord Genuity Group reduced their price objective on shares of Joby Aviation from $15.50 to $11.50 and set a “hold” rating for the company in a report on Thursday, May 7th. Finally, Weiss Ratings upgraded shares of Joby Aviation from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 14th. Two equities research 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. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $13.81.

Joby Aviation Price Performance

Shares of JOBY stock opened at $8.62 on Thursday. The stock has a 50 day moving average of $8.64 and a two-hundred day moving average of $9.59. The company has a current ratio of 22.06, a quick ratio of 22.05 and a debt-to-equity ratio of 0.36. Joby Aviation has a 12 month low of $6.63 and a 12 month high of $19.98. The company has a market capitalization of $8.48 billion, a P/E ratio of -8.71 and a beta of 2.73.

Joby Aviation (NYSE:JOBY) last announced its quarterly earnings data on Wednesday, August 5th. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.02). The firm had revenue of $38.64 million for the quarter, compared to analyst estimates of $30.20 million. Joby Aviation had a negative return on equity of 58.65% and a negative net margin of 755.11%.Joby Aviation’s revenue for the quarter was up 257493.3% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.41) EPS. As a group, equities analysts expect that Joby Aviation will post -0.92 EPS for the current year.

Insiders Place Their Bets

In other Joby Aviation news, insider Bonny W. Simi sold 7,832 shares of the stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $8.92, for a total transaction of $69,861.44. Following the completion of the transaction, the insider directly owned 231,687 shares in the company, valued at $2,066,648.04. This represents a 3.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Gregory Bowles sold 4,724 shares of Joby Aviation stock in a transaction on Monday, July 6th. The shares were sold at an average price of $9.10, for a total value of $42,988.40. Following the transaction, the insider directly owned 188,936 shares of the company’s stock, valued at approximately $1,719,317.60. The trade was a 2.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 1,050,736 shares of company stock worth $11,423,677 over the last quarter. Corporate insiders own 20.35% of the company’s stock.

Institutional Investors Weigh In On Joby Aviation

A number of hedge funds have recently made changes to their positions in JOBY. Global Retirement Partners LLC bought a new position in Joby Aviation during the 2nd quarter valued at about $73,000. Bank of New York Mellon Corp grew its stake in Joby Aviation by 27.6% during the second quarter. Bank of New York Mellon Corp now owns 2,136,710 shares of the company’s stock worth $19,059,000 after buying an additional 462,585 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Joby Aviation by 30.6% during the second quarter. Russell Investments Group Ltd. now owns 352,874 shares of the company’s stock worth $3,148,000 after buying an additional 82,737 shares in the last quarter. Moran Wealth Management LLC increased its holdings in shares of Joby Aviation by 16.8% during the second quarter. Moran Wealth Management LLC now owns 122,153 shares of the company’s stock worth $1,090,000 after buying an additional 17,587 shares in the last quarter. Finally, HighTower Advisors LLC raised its stake in shares of Joby Aviation by 3.5% in the second quarter. HighTower Advisors LLC now owns 920,410 shares of the company’s stock valued at $8,210,000 after acquiring an additional 30,928 shares during the last quarter. Institutional investors and hedge funds own 52.85% of the company’s stock.

Key Stories Impacting Joby Aviation

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

• Positive Sentiment: Joby reported second-quarter revenue of $38.64 million, well above the $30.20 million analyst consensus, while raising its 2026 revenue outlook to $115 million-$125 million from expectations of approximately $111.3 million. JOBY Shares Gain Since Second-Quarter 2026 Revenues Beat
• Positive Sentiment: The Blade helicopter business generated $36.2 million in quarterly revenue, providing Joby with an operating business and evidence of passenger demand while its electric aircraft program advances. Joby Reports Stronger Quarter
• Positive Sentiment: Joby said its aircraft program has reached the fifth and final stage of FAA certification, is ramping production ahead of an eVTOL pilot program, and is moving closer to commercial flights in Texas. These milestones improve the prospect of future aircraft deliveries and service revenue. Joby Ramps Up Aircraft Production
• Positive Sentiment: Partnerships with Atoms to develop a nationwide vertiport network and a new 45,000-square-foot Texas facility strengthen the infrastructure supporting Joby’s planned air-taxi launch. Atoms and Joby Partner on Vertiports
• Neutral Sentiment: Analysts remain generally constructive, but Needham reduced its price target to $15 while retaining a Buy rating, reflecting upside potential alongside execution and timing risks. Needham Lowers Joby Price Target
• Negative Sentiment: Joby’s adjusted loss of $0.25 per share was slightly worse than the $0.23 estimate, and the company reported a $245 million net loss. Investors continue to watch certification, production execution and the timing of commercial service before assigning greater value to the long-term opportunity. Joby Stock Falls Despite a Sales Beat

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.