Joby Aviation Secures $250M eVTOL Deal in Kazakhstan

An update from Joby Aviation ( (JOBY) ) is now available.

On November 6, 2025, Joby Aviation announced an agreement to sell up to $250 million worth of electric vertical takeoff and landing (eVTOL) aircraft and services to Alatau Advance Air Group in Kazakhstan. This deal, supported by Kazakhstan’s Ministry of Artificial Intelligence and Digital Development, aims to establish the country’s first air taxi service and positions Kazakhstan as a regional hub for advanced air mobility. The agreement also includes collaboration on sourcing critical materials for manufacturing Joby’s aircraft, highlighting the strategic importance of Kazakhstan in Joby’s expansion into Central Asia.

The most recent analyst rating on (JOBY) stock is a Buy with a $22.00 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, with persistent losses and negative cash flows being the most impactful factors. Technical analysis shows moderate performance, while valuation remains low due to ongoing losses. However, the positive sentiment from the earnings call, driven by strategic progress and strong financial backing, provides some optimism.

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 that is developing an all-electric, vertical take-off and landing air taxi. The company aims to operate its air taxi service in cities globally and sell its aircraft to other operators and partners.

Average Trading Volume: 41,376,913

Technical Sentiment Signal: Buy

Current Market Cap: $13.08B

Learn more about JOBY stock on TipRanks’ Stock Analysis page.