Joby Aviation (NYSE:JOBY) Shares Down 1.5% Following Analyst Downgrade

Joby Aviation, Inc. (NYSE:JOBY)’s share price dropped 1.5% on Friday after JPMorgan Chase & Co. lowered their price target on the stock from $8.00 to $7.00. JPMorgan Chase & Co. currently has an underweight rating on the stock. Joby Aviation traded as low as $9.81 and last traded at $10.0720. Approximately 27,499,874 shares changed hands during mid-day trading, a decline of 7% from the average daily volume of 29,677,535 shares. The stock had previously closed at $10.23.

A number of other equities analysts also recently issued reports on JOBY. Needham & Company LLC lowered their price target on Joby Aviation to $18.00 and set a “buy” rating for the company in a report on Thursday. Weiss Ratings restated a “sell (d-)” rating on shares of Joby Aviation in a report on Thursday, January 22nd. The Goldman Sachs Group assumed coverage on shares of Joby Aviation in a research report on Monday, December 1st. They issued a “sell” rating and a $10.00 target price on the stock. Zacks Research upgraded shares of Joby Aviation from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Finally, HC Wainwright raised shares of Joby Aviation from a “neutral” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Thursday. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Joby Aviation has an average rating of “Reduce” and a consensus price target of $13.81.

Insider Buying and Selling at Joby Aviation

In other Joby Aviation news, CEO Joeben Bevirt sold 507,182 shares of the firm’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $10.62, for a total transaction of $5,386,272.84. Following the transaction, the chief executive officer directly owned 31,997,802 shares of the company’s stock, valued at approximately $339,816,657.24. This trade represents a 1.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Eric Allison sold 32,448 shares of Joby Aviation stock in a transaction on Tuesday, December 30th. The shares were sold at an average price of $13.25, for a total transaction of $429,936.00. Following the completion of the transaction, the insider owned 659,980 shares in the company, valued at approximately $8,744,735. This represents a 4.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 1,470,074 shares of company stock valued at $16,083,913. Insiders own 28.50% of the company’s stock.

Key Headlines Impacting Joby Aviation

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

• Positive Sentiment: Q4 results beat revenue and EPS estimates; company issued 2026 revenue guidance of $105M–$115M, signaling stronger near-term commercial traction. Zacks: Q4 beat & 2026 guidance
• Positive Sentiment: Ongoing strategic partnership with Uber — including a planned Dubai launch this year — supports a clear commercial pathway for Joby’s eVTOL services and monetization narrative. Fool: Uber partnership / Dubai launch
• Positive Sentiment: Certification and first-passenger flight milestones are advancing (FAA/TIA activity) and management highlights a strengthened balance sheet after a recent $1.8B capital raise — improving runway for commercialization. AviationBusinessME: certification/first flights
• Neutral Sentiment: Brokerage coverage is active: HC Wainwright reiterates a Buy and models continued quarterly losses (about -$0.20 EPS per quarter in 2026) with an $18 target — supportive but dependent on execution. MarketBeat: HC Wainwright estimates
• Neutral Sentiment: Unusually large options activity (heavy call buying) suggests increased speculative interest/positioning ahead of near-term catalysts.
• Negative Sentiment: JPMorgan cut its price target to $7 and moved to Underweight, highlighting downside risk if execution or cash burn concerns re-emerge. Benzinga: JPMorgan PT cut to $7
• Negative Sentiment: Despite revenue acceleration, Joby still reports heavy losses and analysts’ consensus forecasts a negative full-year EPS (~-0.69), keeping valuation and cash-burn scrutiny high. Yahoo Finance: valuation and losses analysis

Institutional Trading of Joby Aviation

Several institutional investors and hedge funds have recently added to or reduced their stakes in JOBY. Sunbelt Securities Inc. lifted its position in Joby Aviation by 16.1% during the 4th quarter. Sunbelt Securities Inc. now owns 13,725 shares of the company’s stock worth $181,000 after acquiring an additional 1,900 shares during the period. Invesco Ltd. raised its stake in shares of Joby Aviation by 33.3% during the fourth quarter. Invesco Ltd. now owns 1,205,957 shares of the company’s stock worth $15,919,000 after purchasing an additional 301,335 shares during the last quarter. Axxcess Wealth Management LLC lifted its holdings in shares of Joby Aviation by 58.9% during the fourth quarter. Axxcess Wealth Management LLC now owns 19,400 shares of the company’s stock worth $256,000 after purchasing an additional 7,188 shares during the period. Corient Private Wealth LLC grew its position in Joby Aviation by 244.0% in the 4th quarter. Corient Private Wealth LLC now owns 99,396 shares of the company’s stock valued at $1,312,000 after buying an additional 70,502 shares during the last quarter. Finally, Strive Financial Group LLC purchased a new position in Joby Aviation in the 4th quarter valued at $72,000. 52.85% of the stock is owned by hedge funds and other institutional investors.

Joby Aviation Trading Down 1.5%

The company has a market capitalization of $9.18 billion, a price-to-earnings ratio of -8.84 and a beta of 2.57. The firm’s 50 day simple moving average is $12.68 and its 200-day simple moving average is $14.40.

Joby Aviation (NYSE:JOBY) last issued its earnings results on Wednesday, February 25th. The company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.06. The firm had revenue of $30.84 million during the quarter, compared to analysts’ expectations of $16.88 million. During the same period in the previous year, the firm earned ($0.34) EPS. The firm’s revenue was up 5506.5% on a year-over-year basis. As a group, sell-side analysts forecast that Joby Aviation, Inc. will post -0.69 EPS for the current fiscal year.

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.