The Joby Aviation (NYSE:JOBY) Q2 2025 earnings report came and went, leaving some disappointment in its vapor trails. The company delivered both top- and bottom-line misses, as its EPS GAAP Actual of -$0.41 was -$0.22 below expectations. Meanwhile, revenues of $20,000 were far under the forecast of $1.57 million.
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In addition, the company’s cash burn of $325 million and an operating loss of $168 million, didn’t ease discomfort. The market clearly wasn’t thrilled with the performance, and JOBY’s share price has fallen some 15% since the numbers were released.
Still, JOBY’s share price remains firmly in the black for 2025 – up over 80% year-to-date. Moreover, JOBY has been on quite the burner over the last three months, having surged 113% during that timeframe.
Should investors consider packing it in and taking profits – or is there more upside on the blue horizon?
One top investor known by the pseudonym Deep Value Investing is feeling good vibes, believing that revenues will begin revving up in the years ahead.
“I expect revenue acceleration for Joby Aviation to begin next year, with the start of commercial operations in Dubai,” predicts the 5-star investor, who is among the top 4% of TipRanks’ stock pros.
It is not just the planned commencement of taxi service in Dubai that is giving Deep Value encouragement, as the company is progressing on FAA certification and has a very large pipeline with the Saudi Arabian conglomerate Abdul Latif Jameel. The investor points out that the partnership with Abdul Latif Jameel to supply up to 200 aircraft has a potential to be worth $1 billion.
Moreover, the company recently acquired Blade Air, which is providing JOBY with licenses to use heliports throughout the U.S. and Europe. This includes the routes between Manhattan and the JFK and Newark airports, as well as the corridor between the Nice Airport and Monaco.
“I like this strategic acquisition. It positions the company well for when it receives FAA and EASA authorization to fly passengers commercially,” explains Deep Value, though the investor does caution not to expect commercial operations in either the U.S. or Europe until at least 2027.
Therefore, while patience is the order of the day, Deep Value believes that the $1 billion plus in revenues by 2029 seems realistic.
“Overall, I see upside ahead, looking at a 5-year horizon,” concludes Deep Value Investing, who rates JOBY a Buy. (To watch Deep Value Investing’s track record, click here)
That’s a bit more bullish than Wall Street is feeling at present. With 6 Holds outpacing 1 Buy and 1 Sell, JOBY carries a consensus Hold (i.e. Neutral) rating. Its 12-month average price target of $12.50 has downside of ~16%. (See JOBY stock forecast)
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Disclaimer: The opinions expressed in this article are solely those of the featured investor. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.