• Andres Sheppard from Cantor Fitzgerald set a price target of $9 for Joby Aviation (NYSE:JOBY), indicating a potential upside of approximately 36%.
• Joby Aviation's stock has been under pressure due to a reduced risk appetite among investors and a shift in the Air Force's interest away from eVTOL aircraft.
• Despite challenges, Joby Aviation benefits from a strong balance sheet and a strategic partnership with Toyota, suggesting resilience in handling short-term difficulties.

Joby Aviation (NYSE:JOBY) is a company focused on developing electric vertical takeoff and landing (eVTOL) aircraft. These aircraft are designed to provide a new mode of urban air transportation. Joby aims to revolutionize the way people travel in cities by offering a faster and more efficient alternative to traditional ground transportation. The company faces competition from other eVTOL developers, such as Archer.

On May 5, 2025, Andres Sheppard from Cantor Fitzgerald set a price target of $9 for JOBY. At that time, the stock was trading at $6.62, suggesting a potential upside of approximately 36%. This optimistic outlook comes despite the stock's recent downward pressure, which is largely due to a reduced risk appetite among investors and a perceived lack of progress compared to Archer.

Joby's share price has been affected by the Air Force's decision to move away from eVTOL aircraft, impacting its defense business. Despite these challenges, Joby is well-positioned to handle short-term difficulties. The company benefits from a strong balance sheet and a strategic partnership with Toyota, which provides additional support and resources.

Currently, JOBY's stock price is $6.56, reflecting a decrease of approximately 2.23% or $0.15. The stock has fluctuated between a low of $6.55 and a high of $6.67 today. Over the past year, JOBY has reached a high of $10.72 and a low of $4.66. The company's market capitalization is approximately $5.19 billion, with a trading volume of 2,748,441 shares on the NYSE.