‘Time to Fly Away,’ Says Top Investor About Joby Stock - Here’s Why It’s Taking Off
Wall Street's buzzing as a heavyweight investor drops the mic on Joby Aviation—calling it prime for liftoff while traditional transport stocks remain grounded.
The Vertical Vision
Electric vertical takeoff isn't just sci-fi fantasy anymore. Joby's cutting through regulatory red tape and bypassing legacy infrastructure with aircraft that promise to transform urban mobility—no runways required.
Market Altitude
While skeptics keep circling like vultures, the smart money's betting on aerial mobility disrupting the $1 trillion transportation sector. Because nothing says 'future' like skipping traffic at 200 mph—except maybe watching traditional automakers scramble to catch up.
Flight Path Ahead
The real turbulence? Convincing Wall Street that flying cars aren't just for billionaires and Bond villains. But with regulatory milestones stacking up, even the cynics are starting to look up from their spreadsheets. Because let's be honest—if you're still investing in taxi medallions, you probably think 'eVTOL' is a Scandinavian furniture brand.
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On the one hand, there was certainly ample disappointment that flowed from the earnings report, as JOBY suffered both top- and bottom-line misses. Its EPS GAAP of -$0.41 came in -$0.22 below forecasts, while its revenues of $20,000 was a far cry from the $1.57 million that had been projected.
Still, things aren’t all doom and gloom. The company reported marked progress on FAA certification, for instance, has a major deal with the Saudi Arabian firm Abdul Latif Jameel that could be worth up to $1 billion, and recently bought Blade Air and its licenses to operate heliports in heavily populated areas in the U.S. and Europe.
The share price remains up over 80% year-to-date, reflecting plenty of bullish sentiment prior to the recent dip. However, one top investor known by the pseudonym JR Research thinks the time to fly far, far away has arrived.
“Given frothy valuations and unproven fundamentals, I’m urging investors still sitting on substantial gains … to get out before this bubble implodes in your face,” explains the 5-star investor, who is among the top 1% of TipRanks’ stock pros.
The investor notes that Wall Street is expecting “hockey-stick type of revenue” growth in the years ahead, with projections for $28 million in 2026 and $130 million in 2027. Being one of the first movers in this potentially lucrative space could indeed bring in plenty of dollars, acknowledges JR.
However, the investor also points out that JOBY is trading at almost 100x its FY 2027 revenues – and is not expected to turn a profit until 2029.
“An adverse reversal in market sentiments (such as when profit taking intensifies) could send JOBY investors sprawling for cover, as they seek to protect their speculative gains,” adds JR.
The investor believes that this reversal is now upon us, with the company’s share price having now fallen some 35% from a recent peak. And JR predicts that more losses are coming.
“The chickens eventually come home to roost, bedevilling these investors as they allowed their eVTOL fever to supplant and overwhelm their sense of reality and optimism,” emphasizes JR Research, who rates JOBY a Sell. (To watch JR Research’s track record, click here)
Wall Street isn’t flying away from JOBY just yet, though there does seem to be an abundance of caution. With 5 Hold ratings – to go along with a single Buy and Sell apiece – JOBY carries a consensus Hold (i.e. Neutral) rating. Its 12-month average price target of $11.33 has a downside of ~24%. (See)
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