
Joby Aviation (JOBY) Stock Forecast & Price Target
Joby Aviation (JOBY) Analyst Ratings
Bulls say
Joby Aviation is well positioned to dominate the emerging air taxi industry with its hybrid, autonomous-enabled eVTOL aircraft and app-based platform. The recent demonstration flights in New York City and successful partnership with Blade showcase the company's strong leadership and technical achievements, while its partnerships with luxury property developer and major industry players like Toyota and Uber provide a solid foundation for future growth. With a strong balance sheet and multiple LOIs for aircraft orders, the company is poised for a successful commercial launch.
Bears say
Joby Aviation is a transportation company with a negative outlook due to concerns over valuation and execution risk. Despite the company's leadership in a novel industry and strong potential for long-term growth, the lack of near-term profitability and high valuation multiples make it a risky investment. Additionally, potential delays in regulatory approval and industry safety events could also hinder growth prospects. With a current price target of $18 based on 15x projected adjusted EBITDA for 2031, there are more attractive investment opportunities available in the market.
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
Start investing in Joby Aviation (JOBY)
Order type
Buy in
Order amount
Est. shares
0 shares