Joby Aviation, Inc. is a small fish in what is still a small pond of eVTOL, but it has a big and strategic network with Toyota, U.S., Saudi Arabia, and Dubai. The company is advancing toward FAA certification, with U.S. and Middle East launches targeted; it'll be a slow process to growth, but we think Joby is uniquely positioned for it. Joby is still in the R&D phase with no revenue to show, but we think this makes for an easier case for upside once preliminary deals turn into monetizable opportunities.
Shares in Joby Aviation, Inc. (NYSE: JOBY) jumped yesterday after the air taxi company announced a potential deal with the Saudi Arabia-based Abdul Latif Jameel. The deal could lead to Joby supplying up to 200 of its eVTOL aircraft.
Joby Aviation has reached a tentative deal with investor and Saudi Arabian conglomerate Abdul Latif Jameel (ALJ) to distribute up to 200 electric aircraft valued at about $1 billion over the coming years.
The funding aims to accelerate certification and commercial production of JOBY's electric air taxi.
Joby leads Archer in certification, manufacturing, hybrid drive train, and autonomy, making it the clear operational frontrunner in the eVTOL sector. Archer's recent share price outperformance is unjustified given its lagging progress, lack of piloted flights, and rollback of certification timelines. Joby has robust manufacturing partnerships, global route plans, and sufficient cash runway, while Archer faces dilution and uncertainty in execution.
The aerospace sector is buzzing today.
Analysts at HC Wainwright have a buy rating on the stock with a price target of $9 a share.
Joby Aviation NYSE: JOBY stock has seen more than average volatility recently, and the movement has captured investor attention. The eVTOL company's shares have fallen almost 9% in the last five trading days and have generally traded near their 50-day low for a while now.
On May 12, 2025, Joby Aviation NYSE: JOBY announced an operational achievement: it successfully flew two of its pre-production prototype aircraft simultaneously for the first time.
Joby's first dual-aircraft flight marks a key step toward commercial readiness and growing confidence in its test program.
Joby Aviation's first-quarter 2025 earnings are in line with the Zacks Consensus Estimate.
Welcome to the Green Stock News brief for Monday May 12th. Here are today's top headlines: Joby Aviation (NYSE: JOBY) has successfully flown two electric air taxis simultaneously for the first time, marking a key milestone in its flight testing program.