Joby Aviation (NYSE:JOBY) Shares Gap Up on Better-Than-Expected Earnings

Joby Aviation, Inc. (NYSE:JOBY)’s stock price gapped up prior to trading on Thursday after the company announced better than expected quarterly earnings. The stock had previously closed at $9.82, but opened at $10.61. Joby Aviation shares last traded at $10.6670, with a volume of 12,364,536 shares.

The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.06. The business had revenue of $30.84 million for the quarter, compared to analysts’ expectations of $16.88 million. During the same period in the previous year, the company earned ($0.34) EPS. Joby Aviation’s revenue for the quarter was up 5506.5% compared to the same quarter last year.

Key Stories Impacting Joby Aviation

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

• Positive Sentiment: Q4 results and 2026 revenue guide: Joby reported Q4 results with revenue well above estimates and provided 2026 revenue guidance of $105M–$115M, which investors viewed as proof of early commercial traction. Joby Aviation Incurs Loss in Q4, Beats Revenue Estimates
• Positive Sentiment: Uber partnership & commercial launch: Joby and Uber — a long-standing partner — are launching an aerial ride‑hailing service (first city: Dubai this year), a visible commercialization milestone that supports future revenue growth. The eVTOL Era is Beginning With Uber and Joby Aviation
• Positive Sentiment: Certification and first passenger flight timetable: Company updates and industry coverage report FAA certification progress and targets for first passenger flights in 2026 — a major operational milestone that de‑risks the timeline to revenue. Joby targets first passenger flights in 2026 as certification progress advances
• Positive Sentiment: Balance sheet / liquidity updates: Earnings commentary and coverage note that Joby has strengthened liquidity (including ~$1.8B raised), helping to extend runway while it scales production. That reduced immediate cash‑runway fears. Joby Aviation Inc (JOBY) Q4 2025 Earnings Call Highlights
• Neutral Sentiment: Analyst support with tempered near‑term EPS: HC Wainwright reiterated a Buy and $18 target while modeling quarterly EPS losses (~$0.20), which supports upside narrative but underscores ongoing negative earnings. HC Wainwright estimates / Buy rating
• Neutral Sentiment: Unusually heavy options activity: Large call buying was reported, indicating speculative/leverage flows that can amplify intraday moves but aren’t a fundamental read on valuation.
• Negative Sentiment: Sell‑side cut: JPMorgan reduced its price target to $7 and moved to Underweight, a notable negative signal from a major bank that may pressure sentiment and limit upside. JPMorgan cuts JOBY price target
• Negative Sentiment: Ongoing losses and valuation concerns: Coverage highlighting larger-than-expected losses and the tension between ambitious growth plans and current financial metrics keeps valuation risk top of mind for investors. Assessing Joby Aviation (JOBY) Valuation

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on JOBY. HC Wainwright upgraded shares of Joby Aviation from a “neutral” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Thursday. Needham & Company LLC lowered their target price on Joby Aviation to $18.00 and set a “buy” rating on the stock in a research report on Thursday. The Goldman Sachs Group assumed coverage on Joby Aviation in a research report on Monday, December 1st. They issued a “sell” rating and a $10.00 price target for the company. JPMorgan Chase & Co. decreased their price objective on Joby Aviation from $8.00 to $7.00 and set an “underweight” rating on the stock in a research note on Thursday. Finally, Canaccord Genuity Group reiterated a “hold” rating and set a $15.50 price objective on shares of Joby Aviation in a research note on Tuesday, February 3rd. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $13.81.

Insiders Place Their Bets

In other news, insider Bonny W. Simi sold 110,173 shares of Joby Aviation stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $13.85, for a total transaction of $1,525,896.05. Following the sale, the insider owned 125,114 shares in the company, valued at $1,732,828.90. This trade represents a 46.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Eric Allison sold 32,448 shares of the business’s stock in a transaction on Tuesday, December 30th. The stock was sold at an average price of $13.25, for a total transaction of $429,936.00. Following the completion of the transaction, the insider directly owned 659,980 shares in the company, valued at $8,744,735. This trade represents a 4.69% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,470,074 shares of company stock valued at $16,083,913 in the last 90 days. 28.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of JOBY. Toyota Motor Corp grew its stake in shares of Joby Aviation by 63.1% in the 2nd quarter. Toyota Motor Corp now owns 128,454,401 shares of the company’s stock worth $1,355,194,000 after buying an additional 49,701,790 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Joby Aviation by 13.2% in the 3rd quarter. Vanguard Group Inc. now owns 49,948,325 shares of the company’s stock valued at $806,166,000 after acquiring an additional 5,828,189 shares during the last quarter. Man Group plc purchased a new position in Joby Aviation in the third quarter worth about $40,283,000. Norges Bank purchased a new position in Joby Aviation in the fourth quarter worth about $32,269,000. Finally, Clear Street Group Inc. bought a new stake in Joby Aviation during the third quarter worth approximately $36,264,000. 52.85% of the stock is currently owned by institutional investors.

Joby Aviation Price Performance

The firm has a market capitalization of $9.18 billion, a PE ratio of -8.84 and a beta of 2.57. The business has a 50-day simple moving average of $12.60 and a 200-day simple moving average of $14.36.

Joby Aviation Company Profile

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.