
Joby Aviation (JOBY) Stock Forecast & Price Target
Joby Aviation (JOBY) Analyst Ratings
Bulls say
Joby Aviation is a leading player in the emerging eVTOL market due to its early focus on software development and strategic partnership with Uber. The recent successful demonstration flights in New York City and the announcement of a partnership with luxury real estate developers also showcase the company's potential and market leadership. We forecast a strong long-term demand for air taxi services and believe Joby's unique value proposition will result in a premium valuation for the company.
Bears say
Joby Aviation is an eVTOL transportation company with a negative earnings outlook due to high regulatory risk and potential manufacturing challenges that may slow revenue growth. While they are set to begin flying in September and have shown progress with hybrid aircraft development, their premium valuation leaves little room for error and any setbacks could have a significant impact on the stock. This, along with a lack of military revenue in their current model, leads to a bear case target of $9, significantly lower than their current market cap of $8.5B and their peer group.
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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