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

Joby Aviation (NYSE:JOBY) had its price target dropped by Needham & Company LLC from $18.00 to $15.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Needham & Company LLC’s price target points to a potential upside of 91.79% from the stock’s previous close.

A number of other brokerages have also recently issued reports on JOBY. Morgan Stanley reduced their target price on Joby Aviation from $15.00 to $13.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 6th. 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. Wall Street Zen upgraded shares of Joby Aviation from a “strong sell” rating to a “sell” rating in a report on Sunday, May 10th. Canaccord Genuity Group lowered their target price on shares of Joby Aviation from $15.50 to $11.50 and set a “hold” rating for the company in a research note on Thursday, May 7th. Finally, Barclays raised shares of Joby Aviation to a “hold” rating in a report on Wednesday, July 29th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Joby Aviation has a consensus rating of “Reduce” and a consensus price target of $13.21.

Joby Aviation Stock Performance

JOBY stock opened at $7.82 on Thursday. Joby Aviation has a twelve month low of $6.63 and a twelve month high of $20.06. The company has a quick ratio of 22.05, a current ratio of 22.06 and a debt-to-equity ratio of 0.36. The company has a market cap of $7.69 billion, a P/E ratio of -6.80 and a beta of 2.73. The business’s fifty day moving average is $8.78 and its 200-day moving average is $9.65.

Joby Aviation (NYSE:JOBY) last announced its quarterly earnings data on Wednesday, August 5th. The company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.02). The company 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 60.54% and a negative net margin of 1,232.62%.The firm’s revenue for the quarter was up 257493.3% on a year-over-year basis. During the same period last year, the firm earned ($0.41) earnings per share. Equities research analysts forecast that Joby Aviation will post -0.89 EPS for the current year.

Insider Buying and Selling at Joby Aviation

In related news, Director Paul Cahill Sciarra sold 416,666 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $12.02, for a total transaction of $5,008,325.32. Following the transaction, the director directly owned 55,911,391 shares of the company’s stock, valued at approximately $672,054,919.82. The trade was a 0.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Joeben Bevirt sold 421,019 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $10.38, for a total value of $4,370,177.22. Following the sale, the chief executive officer directly owned 31,678,802 shares of the company’s stock, valued at $328,825,964.76. This represents a 1.31% 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. Insiders have sold a total of 1,050,736 shares of company stock valued at $11,423,677 in the last three months. Corporate insiders own 20.35% of the company’s stock.

Institutional Trading of Joby Aviation

Hedge funds and other institutional investors have recently modified their holdings of the stock. Lingotto Investment Management LLP lifted its holdings in shares of Joby Aviation by 34.2% during the fourth quarter. Lingotto Investment Management LLP now owns 3,138,240 shares of the company’s stock worth $41,425,000 after purchasing an additional 799,260 shares during the period. DNB Asset Management AS increased its stake in shares of Joby Aviation by 16.3% in the fourth quarter. DNB Asset Management AS now owns 366,281 shares of the company’s stock valued at $4,835,000 after buying an additional 51,344 shares during the period. Vanguard Group Inc. increased its stake in shares of Joby Aviation by 5.1% in the fourth quarter. Vanguard Group Inc. now owns 52,488,707 shares of the company’s stock valued at $692,851,000 after buying an additional 2,540,382 shares during the period. Norges Bank acquired a new position in shares of Joby Aviation in the fourth quarter worth approximately $32,269,000. Finally, SummitTX Capital L.P. bought a new stake in Joby Aviation in the first quarter valued at approximately $1,127,000. Institutional investors own 52.85% of the company’s stock.

Joby Aviation News Summary

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

• Positive Sentiment: Revenue beat and higher outlook: Joby reported second-quarter revenue of $38.64 million, well above the $30.20 million consensus estimate, and raised its 2026 revenue outlook to $115 million–$125 million from expectations of approximately $111.3 million. Joby Aviation tops revenue estimates as air taxi push accelerates
• Positive Sentiment: Launch preparations are advancing: Joby said its first flights under the U.S. eVTOL Integration Pilot Program are expected in September in Texas, supporting the company’s effort to begin commercial air-taxi operations. Joby Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Vertiport partnership expands infrastructure plans: Joby partnered with Atoms, a venture associated with former Uber CEO Travis Kalanick, to acquire and develop vertiport sites initially in Florida, New York, and Texas. The network could help provide the infrastructure needed for future passenger service. Atoms and Joby Aviation Form Strategic Partnership to Build America’s Vertiport Network
• Neutral Sentiment: Investors remain focused on execution: The earnings call highlighted Joby’s progress toward air-taxi deployment, but the company still must complete aircraft certification and demonstrate a viable commercial launch. Joby Aviation Q2 2026 Earnings Call Transcript
• Negative Sentiment: Quarterly loss exceeded expectations: Joby reported a loss of $0.25 per share, compared with the consensus loss estimate of $0.23. The company remains unprofitable, so investors may be prioritizing the timing and cost of certification and commercialization over near-term revenue growth. Joby Aviation Reports Q2 Loss, Beats Revenue Estimates

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.