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An announcement from Joby Aviation ( (JOBY) ) is now available.
On January 7, 2026, Joby Aviation announced that its subsidiary Joby Aero agreed to acquire a more than 700,000-square-foot manufacturing facility in Vandalia, near Dayton, Ohio, for $61.5 million, with closing targeted by February 27, 2026, subject to customary conditions including title review and financing arrangements, and a $1 million escrow deposit that may be refunded or forfeited depending on closing outcomes. The ready-to-use facility will expand Joby’s dual-site manufacturing strategy alongside its existing plants in California and Ohio, support plans to double aircraft output to four eVTOL air taxis per month in 2027, and positions the company to scale production amid growing policy momentum for advanced air mobility in the U.S., while drawing strong backing from state and federal officials who highlight the project’s role in Ohio’s aerospace-driven reindustrialization and local job creation.
The most recent analyst rating on (JOBY) stock is a Hold with a $16.00 price target. To see the full list of analyst forecasts on Joby Aviation stock, see the JOBY Stock Forecast page.
Spark’s Take on JOBY Stock
According to Spark, TipRanks’ AI Analyst, JOBY is a Neutral.
Joby Aviation’s overall stock score reflects significant financial challenges and mixed technical signals. Positive corporate events and strategic progress in certification and international operations provide some optimism. However, ongoing losses and cash flow issues remain critical concerns.
To see Spark’s full report on JOBY stock, click here.
More about Joby Aviation
Joby Aviation, Inc. (NYSE:JOBY) is a California-based transportation company developing all-electric vertical take-off and landing (eVTOL) air taxis for commercial passenger service, with plans both to operate its own fast, quiet urban air mobility networks worldwide and to sell aircraft to other operators and partners.
Average Trading Volume: 32,263,994
Technical Sentiment Signal: Strong Buy
Current Market Cap: $14.63B
See more insights into JOBY stock on TipRanks’ Stock Analysis page.