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‘Blue Skies Ahead,’ Says Investor About Joby Stock

‘Blue Skies Ahead,’ Says Investor About Joby Stock

Joby Aviation (NYSE:JOBY)’s continues to fly high, and its share price gained another 10% yesterday following the news that the company was expanding its California manufacturing facilities. This was another jolt of optimism for the eVTOL company, which has been trending skyward throughout 2025 – and is up over 70% for the year.

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The market’s optimism is backed by some very real-world achievements. The company has been making marked progress on its Federal Aviation Administration certification, and has now entered the final stage of the process known as Type Inspection Authorization. In addition, late last month JOBY delivered its first aircraft to the UAE, and is gearing up to ferry passengers to-and-fro in 2026.

Still, there is always a risk that the pre-revenue company might run into some roadblocks down the road, especially if launches are delayed, regulatory hiccups occur, or some of the competition catches up.

While acknowledging these risks, one investor known by the pseudonym First Principles Partners believes that the path forward is clear.

“I am upgrading Joby to a buy from my previous hold rating given its positive developments in certifications as well as the projected market growth of this industry,” asserts the 5-star investor.

First Principles Partners is positively bullish regarding JOBY’s opportunities to capitalize on the growing eVTOL market, which is expected to be worth some $170 billion in 2034.

The investor is encouraged by the company’s progress towards regulatory approval, citing test flights that recently took place at Edwards Air Force Base.

“A seamless transition from vertical to cruise flight was a major test and low pilot workload with excellent handling qualities were achieved successfully with pilot onboard,” notes First Principles Partners.

The investor further details that JOBY has demonstrated a knack for meeting its timelines in the past, giving the investor confidence in the company’s ability to achieve commercialization by the end of next year.

This could make the coming years quite lucrative for JOBY, and First Principles Partners is eyeing triple digit growth through 2029.

“The growth phase is about to kick in, board this plane,” sums up First Principles Partners, who is giving JOBY a Buy rating. (To watch First Principles Partners’ track record, click here)

That’s the general view on Wall Street as well. With 3 Buys, 2 Holds, and 1 Sell, JOBY enjoys a Moderate Buy consensus rating. However, its recent surge has flown higher than even some of the bulls have anticipated, and its 12-month average price target of $10.00 has a downside approaching 30%. (See JOBY stock forecast)

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Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

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