Cantor Fitzgerald reiterated an “Overweight” rating for Joby Aviation Inc (NYSE:JOBY), indicating expected above-market performance.
Joby achieved a significant milestone in its aircraft testing program, successfully completing flights with a full transition from vertical to cruise flight.
The stock price has shown positive momentum, climbing from a 50-day low of approximately $5.32 to around $6.41, ahead of its Q1 2025 earnings release.
Joby Aviation Inc (NYSE:JOBY), a pioneering company in the development of electric air taxis for commercial passenger service, has recently been in the spotlight following a reaffirmed “Overweight” rating by Cantor Fitzgerald on May 5, 2025. With the stock priced at $6.71, this rating suggests that Joby is expected to outperform the market average, with a recommended action to “hold.”
The company has reached a significant milestone in its aircraft testing program, marking a pivotal step in the development of electric air taxis. Joby successfully completed flights that included a full transition from vertical to cruise flight and back, with a pilot onboard. This crucial design feature allows the aircraft to take off and land vertically, similar to a helicopter.
Joby’s stock has demonstrated positive momentum, rising from a 50-day low of approximately $5.32 to around $6.41 as of April 24. This increase in stock price precedes Joby’s scheduled earnings release on May 7, followed by an investor webcast. Despite this recent recovery, the stock remains down for the year, underscoring the volatility typical of pre-revenue, high-growth sectors.
The company is set to release its first-quarter 2025 financial results after the market closes on May 7, 2025. A webcast will be hosted at 5:00 pm ET on the same day, accessible to the public on their website. This upcoming earnings report and management commentary are crucial for investors, offering insights into whether Joby’s operational progress supports the recent market optimism.
Currently, JOBY is priced at approximately $6.60, reflecting a decrease of about 1.57% or $0.11. The stock has fluctuated between a low of $6.55 and a high of $6.66 today. Over the past year, JOBY has reached a high of $10.72 and a low of $4.66. The company’s market capitalization stands at approximately $5.22 billion, with a trading volume of 1,328,838 shares on the NYSE.
