
Joby Aviation (JOBY) Stock Forecast & Price Target
Joby Aviation (JOBY) Analyst Ratings
Bulls say
Joby Aviation Inc. continues to demonstrate significant progress in the development of its eVTOL aircraft, with key certification milestones nearing completion and production capacity set to double by 2027. The company's strong balance sheet, bolstered by approximately $2.6 billion in cash, supports its upcoming commercial launch and has led to multiple letters of intent for aircraft orders, alongside partnerships with notable industry players like Toyota and Uber. Furthermore, the anticipated initiation of passenger flights in the UAE by year-end and the establishment of vertiport infrastructure enhance Joby Aviation’s outlook for growth in the expanding air taxi market.
Bears say
Joby Aviation Inc. is projected to require an additional $1.5 billion in equity capital through fiscal year 2027, indicating a significant dilution of shares before the company achieves sustainable growth. The company's cash burn is expected to remain high at $340-370 million for the first half of 2026, while modest revenue expectations of $105-115 million highlight challenges in generating substantial income in the near-term. Additionally, ongoing uncertainties regarding certification progression, production scalability, and potential industry safety events contribute to a negative outlook on the company’s financial stability and execution capabilities.
This aggregate rating is based on analysts' research of Joby Aviation and is not a guaranteed prediction by Public.com or investment advice.
Joby Aviation (JOBY) Analyst Forecast & Price Prediction
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