Joby Aviation (JOBY) Stock Forecast & Price Target

$5.08

-0.12 (-2.31%)

(As of 10:10 AM ET)

Joby Aviation - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 3 Analyst Ratings

Based on 3 Wall Street analysts who have issued ratings for Joby Aviation in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 3 analysts, 1 has given a hold rating, and 2 have given a buy rating for JOBY.

Consensus Price Target

$8.83
73.88% Upside

High Forecast	$10.50
Average Forecast	$8.83
Low Forecast	$6.00

According to the 3 analysts' twelve-month price targets for Joby Aviation, the average price target is $8.83. The highest price target for JOBY is $10.50, while the lowest price target for JOBY is $6.00. The average price target represents a forecasted upside of 73.88% from the current price of $5.08.

Type	Current Forecast 8/10/23 to 8/9/24	1 Month Ago 7/11/23 to 7/10/24	3 Months Ago 5/12/23 to 5/11/24	1 Year Ago 8/10/22 to 8/10/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	1 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$8.83	$7.50	$7.67	$7.08
Forecasted Upside	73.88% Upside	46.91% Upside	32.26% Upside	15.12% Upside

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JOBY Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

JOBY Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Joby Aviation Stock vs. The Competition

Type	Joby Aviation	Industrials Companies	S&P 500
Consensus Rating Score	2.67	2.61	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	69.55% Upside	272.96% Upside	12.43% Upside
News Sentiment Rating	Neutral News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
8/8/2024	Cantor Fitzgerald 3 of 5 stars	Reiterated Rating	Overweight ➝ Overweight	$10.00 ➝ $10.00	+93.05%
8/8/2024	Canaccord Genuity Group 1 of 5 stars	Lower Target	Buy ➝ Buy	$11.00 ➝ $10.50	+113.85%
7/24/2024	JPMorgan Chase & Co. 3 of 5 stars	Boost Target	Neutral ➝ Neutral	$5.00 ➝ $6.00	-5.66%
6/30/2023	888 Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Maintains
3/7/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Hold ➝ Sell	$6.00 ➝ $4.00	-11.11%
2/27/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight	$11.00 ➝ $10.00	+119.78%
11/15/2022	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Equal Weight	$6.00 ➝ $4.50	+4.17%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 10:27 AM ET.

JOBY Forecast - Frequently Asked Questions

What is Joby Aviation's forecast for 2024?: According to the research reports of 3 Wall Street equities research analysts, the average twelve-month stock price forecast for Joby Aviation is $8.83, with a high forecast of $10.50 and a low forecast of $6.00.
Should I buy or sell Joby Aviation stock right now?: 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Joby Aviation in the last twelve months. There is currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" JOBY shares.
Does Joby Aviation's stock price have much upside?: According to analysts, Joby Aviation's stock has a predicted upside of 61.09% based on their 12-month stock forecasts.
What analysts cover Joby Aviation?: Joby Aviation has been rated by research analysts at Canaccord Genuity Group, Cantor Fitzgerald, and JPMorgan Chase & Co. in the past 90 days.
Do Wall Street analysts like Joby Aviation more than its competitors?: Analysts like Joby Aviation more than other "industrials" companies. The consensus rating score for Joby Aviation is 2.67 while the average consensus rating score for "industrials" companies is 2.61. Learn more on how JOBY compares to other companies.