Joby Stock Price Prediction 2025: Is Joby Stock a Good Buy?
Written by Fiona FLast updated: Joby Aviation (NYSE: JOBY) stock price has been a breakout star this year as investors cheer the upcoming launch, its DoD contract, and its first-mover advantage in the industry. The stock is currently trading at $8.21, ~160% above the lowest level in January. In this article, we’ll take a look at the latest Joby stock price prediction.
Joby Aviation Inc is set to release earnings on 8/1/2023. Over the last 12 months, the company has reported EPS of $-0.52.
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What is Joby Stock?
Joby Aviation is a company that aims to disrupt the transport industry. The company has spent the past few years building its electric vertical takeoff and landing (eVTOL) products. In this period, the firm has spent billions of dollars.
The most recent financial results showed that the company had over $1 billion in cash in its balance sheet. That is a strong number for a company that has been burning cash in the past few months. Its net loss has jumped from $114 million in 2020 to over $309 million in the past four quarters.
These losses are expected to continue in the foreseeable future. As a result, the company decided to raise over $180 million through a secondary offering. That capital raise happened at an ideal period when the Joby stock price was rising.
Investors have also cheered the company’s business with the Department of Defense. It now has a contract whose value could jump to $131 million in the next few years. The first two aircraft are expected to be delivered in the first half of next year.
Most importantly, Joby’s certification by the FAA is going on well. Last month, the company received a FAA certificate for its first prototype.
Despite all this news, it is believed that Joby Aviation is grossly overvalued considering that its market cap has jumped to over $5 billion. We expect that the firm will need to raise additional capital in the next few years. Indeed, analysts expect it to break even in 2029. Also, the company still has an unproven business model.
Joby Stock Price Forecast
Joby stock price has been in a strong bullish trend in the past few months. As it jumped, the shares formed a cup and handle pattern. In price action analysis, this pattern is usually a bullish sign, which explains why the stock jumped.
Joby’s stock is still above all moving averages, signaling that buyers are in control. Despite these gains, we suspect that the shares will likely resume the downward trend. If this happens, the initial support level to watch will be $7.15, which is about 13% below the current level. A move below this level will see it drop to $6.
Joby Stock Price Prediction 2025
Joby Aviation Inc has a Long-Term Technical rank of 99. This means that trading over the last 200 trading days has placed the company in the upper half of stocks with 1% of the market scoring higher. In the Airports & Air Services industry which is number 11 by this metric, JOBY ranks better than 11% of stocks.
According to our Joby stock price prediction 2025, JOBY stock will be priced at $15.253 in 2025. This forecast is based on the stock’s average growth over the past 10 years.
FAQs
Is Joby stock a good buy in 2023?
The consensus among 5 Wall Street analysts covering JOBY stock is to Hold.
Out of 5 analysts, 3 are recommending JOBY as a Strong Buy, and 2 are recommending JOBY as a Strong Sell.
What is Joby stock target in the next 12 month?
According to 5 Wall Street analysts that have issued a 1 year JOBY price target, the average JOBY price target is $8.40, with the highest JOBY stock price forecast at $11.00 and the lowest JOBY stock price forecast at $6.00.
On average, Wall Street analysts predict that Joby stock price could reach $8.40 by Jul 19, 2024.
What is the stock price prediction for JOBY in 2030?
According to the Joby stock price prediction 2030, Joby stock is expected to have a high forecast of $27.18 and a low forecast of $8.30. The average JOBY price prediction of 2030 could be $24.41, which represents a +197.37% increase from the last price of $8.21.
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