Joby Aviation (JOBY) Stock Forecast & Price Target

$4.80

-0.19 (-3.81%)

(As of 10/31/2024 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 4 Analyst Ratings

Sell
0

Hold
1

Buy
3

Based on 4 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 4 analysts, 1 has given a hold rating, and 3 have given a buy rating for JOBY.

Consensus Price Target

$8.44
75.78% Upside

According to the 4 analysts' twelve-month price targets for Joby Aviation, the average price target is $8.44. The highest price target for JOBY is $10.00, while the lowest price target for JOBY is $5.00. The average price target represents a forecasted upside of 75.78% from the current price of $4.80.

JOBY Analyst Ratings Over Time

Type	Current Forecast 11/2/23 to 11/1/24	1 Month Ago 10/3/23 to 10/2/24	3 Months Ago 8/4/23 to 8/3/24	1 Year Ago 11/2/22 to 11/2/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	3 Buy rating(s)	1 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	$8.44	$8.88	$8.00	$7.08
Forecasted Upside	75.78% Upside	44.54% Upside	58.42% Upside	16.89% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold

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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	Transportation Companies	S&P 500
Consensus Rating Score	2.75	2.54	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	75.78% Upside	34.48% Upside	10.63% Upside
News Sentiment Rating	Neutral News See Recent JOBY News	Positive 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	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/29/2024	JPMorgan Chase & Co. 3 of 5 stars		Lower Target	Neutral ➝ Neutral	$6.00 ➝ $5.00
10/29/2024	Canaccord Genuity Group 1 of 5 stars		Lower Target	Buy ➝ Buy	$10.50 ➝ $9.75	+85.36%
10/2/2024	HC Wainwright 2 of 5 stars	A. Dayal Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$9.00 ➝ $9.00	+50.00%
9/30/2024	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$10.00 ➝ $10.00	+93.05%
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%
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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 01:22 AM ET.

JOBY Forecast - Frequently Asked Questions

: According to the research reports of 4 Wall Street equities research analysts, the average twelve-month stock price forecast for Joby Aviation is $8.44, with a high forecast of $10.00 and a low forecast of $5.00.
: 4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Joby Aviation in the last twelve months. There is currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" JOBY shares.
: According to analysts, Joby Aviation's stock has a predicted upside of 75.78% based on their 12-month stock forecasts.
: Joby Aviation has been rated by research analysts at Canaccord Genuity Group, Cantor Fitzgerald, HC Wainwright, and JPMorgan Chase & Co. in the past 90 days.
: Analysts like Joby Aviation more than other "transportation" companies. The consensus rating score for Joby Aviation is 2.75 while the average consensus rating score for "transportation" companies is 2.54. Learn more on how JOBY compares to other companies.

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This page (NYSE:JOBY) was last updated on 11/1/2024 by MarketBeat.com Staff

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Joby Aviation (JOBY) Stock Forecast & Price Target