Cantor Fitzgerald Predicts Joby Aviation FY2026 Earnings

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

Several other equities research analysts have also recently weighed in on JOBY. JPMorgan Chase & Co. cut their target price on Joby Aviation from $6.00 to $5.00 and set an “underweight” rating for the company in a research note on Thursday, February 27th. HC Wainwright reaffirmed a “buy” rating and issued a $13.00 price target (up previously from $9.00) on shares of Joby Aviation in a research report on Monday. Canaccord Genuity Group reissued a “buy” rating and set a $12.00 target price on shares of Joby Aviation in a research report on Wednesday, June 4th. Morgan Stanley restated an “equal weight” rating and set a $7.00 price target (down previously from $10.00) on shares of Joby Aviation in a research note on Friday, April 11th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $10.00 price target on shares of Joby Aviation in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $9.33.

Joby Aviation Stock Up 2.1%

Shares of NYSE:JOBY opened at $9.64 on Wednesday. Joby Aviation has a 12-month low of $4.66 and a 12-month high of $10.72. The stock has a market cap of $7.63 billion, a PE ratio of -13.76 and a beta of 2.39. The business has a 50 day moving average of $6.84 and a 200-day moving average of $7.37.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in JOBY. Whittier Trust Co. acquired a new stake in shares of Joby Aviation in the fourth quarter valued at about $38,000. Allworth Financial LP increased its stake in Joby Aviation by 200.6% during the 4th quarter. Allworth Financial LP now owns 4,975 shares of the company’s stock worth $44,000 after buying an additional 3,320 shares during the period. Compagnie Lombard Odier SCmA purchased a new stake in shares of Joby Aviation in the 4th quarter valued at approximately $41,000. Toronto Dominion Bank purchased a new stake in shares of Joby Aviation in the 4th quarter valued at approximately $41,000. Finally, Carolinas Wealth Consulting LLC purchased a new position in shares of Joby Aviation in the 4th quarter valued at $41,000. Hedge funds and other institutional investors own 52.85% of the company’s stock.

Insider Buying and Selling

In related news, Director Paul Cahill Sciarra sold 166,667 shares of the company’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $6.78, for a total transaction of $1,130,002.26. Following the transaction, the director now directly owns 58,494,728 shares in the company, valued at approximately $396,594,255.84. This represents a 0.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Bonny W. Simi sold 9,695 shares of the business’s stock in a transaction dated Monday, March 24th. The shares were 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 directly owns 146,941 shares of the company’s stock, valued at approximately $996,259.98. This trade represents a 6.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 750,950 shares of company stock worth $4,640,619. 28.50% of the stock is owned by insiders.

About Joby Aviation

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.