Wall Street Zen Upgrades Joby Aviation (NYSE:JOBY) to Sell

Posted by George Bondi on Nov 9th, 2026

Joby Aviation (NYSE:JOBY – Get Free Report) was upgraded by stock analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a note issued to investors on Saturday, Wall Street Zen reports.

JOBY has been the subject of several other reports. HC Wainwright reissued a “buy” rating and set a $18.00 price target on shares of Joby Aviation in a report on Monday, September 21st. Morgan Stanley decreased their price objective on Joby Aviation from $13.00 to $10.00 and set an “equal weight” rating on the stock in a report on Friday, October 16th. Barclays started coverage on Joby Aviation in a research report on Friday, October 9th. They set an “underweight” rating and a $4.00 price objective on the stock. Cantor Fitzgerald reiterated a “neutral” rating on shares of Joby Aviation in a research report on Monday, September 21st. Finally, Susquehanna set a $18.00 target price on Joby Aviation in a report on Thursday, August 6th. 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 stock. Based on data from MarketBeat, Joby Aviation has a consensus rating of “Reduce” and an average price target of $11.33.

Read Our Latest Stock Report on Joby Aviation

Joby Aviation Stock Up 0.1%

Shares of JOBY opened at $5.93 on Friday. The firm’s 50-day simple moving average is $5.73 and its 200 day simple moving average is $8.44. The company has a debt-to-equity ratio of 0.40, a quick ratio of 18.29 and a current ratio of 18.29. The firm has a market cap of $5.87 billion, a P/E ratio of -8.13 and a beta of 2.84. Joby Aviation has a 52 week low of $4.43 and a 52 week high of $17.10.

Joby Aviation (NYSE:JOBY – Get Free Report) last issued its quarterly earnings data on Wednesday, November 4th. The company reported ($0.22) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.03. Joby Aviation had a negative return on equity of 48.24% and a negative net margin of 462.85%. The company had revenue of $55.09 million during the quarter, compared to analysts’ expectations of $38.95 million. During the same quarter in the previous year, the company posted ($0.48) earnings per share. The business’s revenue was up 143.8% on a year-over-year basis. On average, analysts forecast that Joby Aviation will post -0.97 earnings per share for the current year.

Insider Activity

In related news, insider Bonny W. Simi sold 10,890 shares of the business’s stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $5.95, for a total value of $64,795.50. Following the completion of the sale, the insider directly owned 241,923 shares in the company, valued at approximately $1,439,441.85. The trade was a 4.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Rodrigo Brumana sold 37,831 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $6.77, for a total value of $256,115.87. Following the sale, the chief financial officer directly owned 119,729 shares in the company, valued at $810,565.33. This represents a 24.01% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 1,017,628 shares of company stock worth $6,340,090. Insiders own 20.35% of the company’s stock.

Hedge Funds Weigh In On Joby Aviation

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. raised its position in shares of Joby Aviation by 33.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 470,518 shares of the company’s stock valued at $2,847,000 after buying an additional 117,644 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of Joby Aviation by 102.0% during the 3rd quarter. Fifth Third Bancorp now owns 890,411 shares of the company’s stock worth $5,387,000 after acquiring an additional 449,549 shares during the period. Lido Advisors LLC lifted its holdings in shares of Joby Aviation by 20.1% during the 3rd quarter. Lido Advisors LLC now owns 14,685 shares of the company’s stock worth $89,000 after acquiring an additional 2,457 shares during the period. D Orazio & Associates Inc. boosted its position in shares of Joby Aviation by 6.3% during the 3rd quarter. D Orazio & Associates Inc. now owns 70,853 shares of the company’s stock worth $429,000 after acquiring an additional 4,183 shares in the last quarter. Finally, Clear Wave Wealth Management LLC acquired a new stake in shares of Joby Aviation during the 3rd quarter worth approximately $73,000. 52.85% of the stock is owned by institutional investors and hedge funds.

More Joby Aviation News

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

(Get Free Report)

Joby Aviation, Inc develops electric vertical takeoff and landing (eVTOL) aircraft for passenger transportation. Its aircraft are designed to take off and land vertically, then fly like an airplane, with the goal of providing quiet, zero-operating-emission air taxi services for urban and regional trips.

Founded in 2009 by JoeBen Bevirt, the California-based company is working to develop and manufacture its aircraft and establish the operations needed to offer commercial passenger flights.