Cantor Fitzgerald Forecasts Joby Aviation FY2026 Earnings

Joby Aviation, Inc. (NYSE:JOBY) – Stock analysts at Cantor Fitzgerald issued their FY2026 EPS estimates for shares of Joby Aviation in a research note issued to investors on Monday, June 9th. Cantor Fitzgerald analyst A. Sheppard forecasts that the company will post earnings of ($0.84) per share for the year. Cantor Fitzgerald has a “Neutral” rating and a $9.00 price objective on the stock. The consensus estimate for Joby Aviation’s current full-year earnings is ($0.69) per share.

Other research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. lowered their price target on shares of Joby Aviation from $6.00 to $5.00 and set an “underweight” rating on the stock in a research report on Thursday, February 27th. Canaccord Genuity Group reissued a “buy” rating and set a $12.00 price target on shares of Joby Aviation in a research report on Wednesday, June 4th. Needham & Company LLC reissued a “buy” rating and set a $10.00 price target on shares of Joby Aviation in a research report on Thursday, February 27th. Morgan Stanley reissued an “equal weight” rating and set a $7.00 price target (down previously from $10.00) on shares of Joby Aviation in a research report on Friday, April 11th. Finally, HC Wainwright restated a “buy” rating and issued a $13.00 price objective (up from $9.00) on shares of Joby Aviation in a report on Monday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $9.33.

Joby Aviation Trading Down 8.3%

Shares of JOBY stock opened at $8.83 on Wednesday. The company’s 50-day moving average price is $6.90 and its 200-day moving average price is $7.37. The stock has a market cap of $6.99 billion, a price-to-earnings ratio of -12.61 and a beta of 2.39. Joby Aviation has a twelve month low of $4.66 and a twelve month high of $10.72.

Joby Aviation (NYSE:JOBY) last announced its quarterly earnings results on Tuesday, May 6th. The company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.07. Joby Aviation had a negative net margin of 42,844.57% and a negative return on equity of 51.76%. During the same quarter in the previous year, the business posted ($0.14) EPS.

Insider Activity

In other news, insider Bonny W. Simi sold 9,695 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $6.78, for a total transaction of $65,732.10. Following the completion of the sale, the insider now owns 146,941 shares in the company, valued at $996,259.98. This represents a 6.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Motor Corp/ Toyota purchased 49,701,790 shares of the business’s stock in a transaction dated Thursday, May 22nd. The shares were bought at an average price of $5.03 per share, with a total value of $250,000,003.70. Following the purchase, the director now directly owns 122,573,621 shares of the company’s stock, valued at approximately $616,545,313.63. The trade was a 68.20% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 750,950 shares of company stock valued at $4,640,619. 28.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Joby Aviation

Several large investors have recently modified their holdings of the stock. Toyota Motor Corp purchased a new stake in shares of Joby Aviation during the fourth quarter worth approximately $640,259,000. Baillie Gifford & Co. raised its stake in shares of Joby Aviation by 4.3% during the fourth quarter. Baillie Gifford & Co. now owns 55,032,165 shares of the company’s stock worth $447,412,000 after purchasing an additional 2,281,161 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Joby Aviation by 15.8% during the fourth quarter. Vanguard Group Inc. now owns 46,760,562 shares of the company’s stock worth $380,163,000 after purchasing an additional 6,388,232 shares during the last quarter. Uber Technologies Inc purchased a new stake in shares of Joby Aviation during the fourth quarter worth approximately $207,842,000. Finally, Geode Capital Management LLC raised its stake in shares of Joby Aviation by 8.7% during the fourth quarter. Geode Capital Management LLC now owns 10,208,358 shares of the company’s stock worth $83,015,000 after purchasing an additional 817,638 shares during the last quarter. Hedge funds and other institutional investors own 52.85% of the company’s stock.

Joby Aviation Company Profile

Joby Aviation, Inc, a vertically integrated air mobility company, engages in building an electric vertical takeoff and landing aircraft optimized to deliver air transportation as a service. The company intends to build an aerial ridesharing service, as well as developing an application-based platform that will enable consumers to book rides.