Joby Aviation (NYSE:JOBY) Raised to “Buy” at Canaccord Genuity Group

Posted by George Bondi on Nov 5th, 2026

Joby Aviation (NYSE:JOBY – Get Free Report) was upgraded by investment analysts at Canaccord Genuity Group from a “hold” rating to a “buy” rating in a report released on Thursday, MarketBeat reports. The brokerage presently has a $7.00 price target on the stock, down from their previous price target of $11.50. Canaccord Genuity Group‘s target price indicates a potential upside of 38.42% from the company’s previous close.

Several other brokerages also recently commented on JOBY. Susquehanna set a $18.00 target price on shares of Joby Aviation in a research note on Thursday, August 6th. Barclays assumed coverage on shares of Joby Aviation in a research report on Friday, October 9th. They set an “underweight” rating and a $4.00 price target for the company. Weiss Ratings restated a “sell (d-)” rating on shares of Joby Aviation in a report on Monday, October 12th. Needham & Company LLC lowered their price objective on Joby Aviation from $18.00 to $15.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Finally, HC Wainwright restated a “buy” rating and issued a $18.00 target price on shares of Joby Aviation in a report on Monday, September 21st. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $11.33.

Read Our Latest Stock Report on Joby Aviation

Joby Aviation Stock Performance

Shares of JOBY stock opened at $5.06 on Thursday. The company has a current ratio of 17.98, a quick ratio of 17.98 and a debt-to-equity ratio of 0.40. The firm has a fifty day simple moving average of $5.79 and a two-hundred day simple moving average of $8.54. Joby Aviation has a 12 month low of $4.43 and a 12 month high of $17.10. The firm has a market capitalization of $5.00 billion, a PE ratio of -5.11 and a beta of 2.84.

Joby Aviation (NYSE:JOBY – Get Free Report) last posted its quarterly earnings results on Thursday, November 5th. The company reported ($0.22) earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $38.95 million. During the same quarter in the prior year, the business earned ($0.48) earnings per share. The firm’s revenue for the quarter was up 143.8% on a year-over-year basis. Analysts forecast that Joby Aviation will post -1.00 EPS for the current fiscal year.

Insider Activity

In other Joby Aviation news, CEO JoeBen Bevirt sold 15,789 shares of the company’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 in the company, valued at approximately $1,514,388.05. This represents a 5.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Eric Allison sold 27,593 shares of the firm’s stock in a transaction dated Tuesday, October 13th. The shares were sold at an average price of $5.09, for a total transaction of $140,448.37. Following the transaction, the insider directly owned 745,120 shares in the company, valued at $3,792,660.80. This trade represents a 3.57% decrease in their position. 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. In the last ninety days, insiders have sold 1,017,628 shares of company stock valued at $6,340,090. Insiders own 20.35% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ancora Advisors LLC purchased a new stake in shares of Joby Aviation in the second quarter worth about $27,000. Leonteq Securities AG increased its stake in shares of Joby Aviation by 295.2% in the 1st quarter. Leonteq Securities AG now owns 4,351 shares of the company’s stock valued at $36,000 after purchasing an additional 3,250 shares in the last quarter. Western Wealth Management LLC purchased a new position in shares of Joby Aviation in the 1st quarter valued at about $37,000. Geneos Wealth Management Inc. increased its stake in shares of Joby Aviation by 95.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 5,385 shares of the company’s stock valued at $44,000 after purchasing an additional 2,630 shares in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in Joby Aviation in the 2nd quarter worth about $60,000. Hedge funds and other institutional investors own 52.85% of the company’s stock.

Key Headlines Impacting 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

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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.