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

Joby Aviation (NYSE:JOBY) had its price target reduced by analysts at Needham & Company LLC from $15.00 to $10.00 in a research report issued on Thursday, MarketBeat reports. The firm presently has a “buy” rating on the stock. Needham & Company LLC‘s target price points to a potential upside of 68.49% from the stock’s previous close.

JOBY has been the subject of a number of other research reports. Canaccord Genuity Group raised Joby Aviation from a “hold” rating to a “buy” rating and decreased their target price for the stock from $11.50 to $7.00 in a report on Thursday. Cantor Fitzgerald reissued a “neutral” rating on shares of Joby Aviation in a research report on Monday, September 21st. Wall Street Zen cut shares of Joby Aviation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 8th. Barclays began coverage on shares of Joby Aviation in a report on Friday, October 9th. They issued an “underweight” rating and a $4.00 price objective on the stock. Finally, Morgan Stanley cut their price objective on shares of Joby Aviation from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Friday, October 16th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $11.33.

Joby Aviation Stock Performance

Shares of NYSE JOBY traded up $0.64 during mid-day trading on Thursday, hitting $5.93. The stock had a trading volume of 32,597,603 shares, compared to its average volume of 20,995,446. The company has a debt-to-equity ratio of 0.40, a quick ratio of 17.98 and a current ratio of 17.98. The company has a 50 day moving average of $5.73 and a two-hundred day moving average of $8.44. Joby Aviation has a twelve month low of $4.43 and a twelve month high of $17.10. The firm has a market cap of $5.87 billion, a PE ratio of -8.13 and a beta of 2.84.

Joby Aviation (NYSE:JOBY) last issued its quarterly earnings results on Wednesday, November 4th. The company reported ($0.22) EPS for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.03. The company had revenue of $55.09 million during the quarter, compared to analysts’ expectations of $38.95 million. Joby Aviation had a negative return on equity of 55.29% and a negative net margin of 755.11%. The firm’s revenue was up 143.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.48) EPS. Research analysts predict that Joby Aviation will post -1.00 EPS for the current fiscal year.

Insider Buying and Selling at Joby Aviation

In other news, insider Gregory Bowles sold 5,302 shares of Joby Aviation stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $5.78, for a total transaction of $30,645.56. Following the completion of the transaction, the insider directly owned 193,704 shares of the company’s stock, valued at $1,119,609.12. The trade was a 2.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paul Sciarra sold 62,500 shares of the company’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $4.97, for a total transaction of $310,625.00. Following the completion of the transaction, the director owned 55,578,057 shares of the company’s stock, valued at approximately $276,222,943.29. This trade represents a 0.11% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 1,017,628 shares of company stock worth $6,340,090. 20.35% of the stock is currently owned by insiders.

Institutional Trading of Joby Aviation

Several institutional investors have recently bought and sold shares of JOBY. Strs Ohio increased its position in shares of Joby Aviation by 2.5% in the first quarter. Strs Ohio now owns 50,000 shares of the company’s stock valued at $413,000 after buying an additional 1,200 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Joby Aviation by 11.1% during the first quarter. PNC Financial Services Group Inc. now owns 15,304 shares of the company’s stock worth $126,000 after acquiring an additional 1,532 shares during the period. International Assets Investment Management LLC lifted its holdings in Joby Aviation by 14.9% during the first quarter. International Assets Investment Management LLC now owns 16,566 shares of the company’s stock valued at $137,000 after purchasing an additional 2,150 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in Joby Aviation by 3.2% during the third quarter. D.A. Davidson & CO. now owns 72,907 shares of the company’s stock valued at $441,000 after purchasing an additional 2,275 shares in the last quarter. Finally, Lido Advisors LLC grew its position in shares of Joby Aviation by 20.1% in the third quarter. Lido Advisors LLC now owns 14,685 shares of the company’s stock valued at $89,000 after purchasing an additional 2,457 shares during the period. 52.85% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Joby Aviation

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

• Positive Sentiment: Joby reported third-quarter revenue of about $55.1 million, well above analyst estimates, and a loss of $0.22 per share that was narrower than expected. The company also raised its 2026 revenue outlook to $135 million–$140 million. Article: Why Joby Aviation Stock Flew Higher Today
• Positive Sentiment: The company said its aircraft has reached the FAA’s fifth and final certification stage, with “for credit” testing underway, and is targeting type inspection authorization in the first half of 2027. That progress supports hopes of eventual commercial operations, though certification is not yet complete. Article: Joby Advances Certification Testing, Builds Fleet For Early Operations
• Positive Sentiment: Joby cited a 37% increase in manufacturing output, a record quarter for its Blade passenger business and additional Air Force support. The Air Force partnership’s committed spending is nearing $37 million, adding a defense-related revenue opportunity alongside its air-taxi plans. Article: Joby’s Caravan Crosses US With Zero Pilot Inputs; Air Force Contract Nears $37M
• Neutral Sentiment: Analyst views were mixed but generally remained constructive: Canaccord upgraded the shares to Buy while lowering its price target, and Needham retained a Buy rating while also cutting its target. Analyst rating information
• Negative Sentiment: Joby still posted a net loss of about $212 million for the quarter, highlighting substantial ongoing cash burn. Its roughly $2.2 billion in cash and short-term investments provides a significant runway, but investors remain focused on whether the company can complete certification and scale operations before funding needs become a greater concern. Article: Joby Aviation Stock Price Rises After Q3 Results Spotlight Cash Burn

About Joby Aviation

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.