HC Wainwright & Co. reiterated a "Buy" rating for Joby Aviation. The firm set an $18.00 price target on September 21, 2026.
This target suggests an upside of over 180% from the stock's $6.37 trading price on that day.
The analyst's optimistic outlook stems from projections of robust future revenue growth and improving gross margins as Joby scales its electric vertical take-off and landing (eVTOL) aircraft operations.
Overall analyst sentiment on Joby remains mixed. Nine analysts hold a consensus "Reduce" rating.
The company is not yet profitable. It continues to focus on development.