Latest news with #JOBY
Yahoo
a day ago
- Business
- Yahoo
Why Joby Aviation, Inc. (JOBY) Soared On Wednesday
We recently published a list of . In this article, we are going to take a look at where Joby Aviation, Inc. (NYSE:JOBY) stands against other best-performing stocks. Joby Aviation soared by 28.78 percent to close at $8.86 apiece as investors gobbled up shares following news that it closed a $250-million investment from giant carmaker Toyota Motor Corporation. According to Joby Aviation, Inc. (NYSE:JOBY), the amount represents the first tranche of the $500-million investment, aimed at supporting certification and commercial production of Joby's electric air taxi. A futuristic electric vertical takeoff and landing aircraft soaring through the sky. 'With this capital and Toyota's legendary production expertise, we're enhancing our ability to scale cutting-edge design and manufacturing to meet the demands of our partners and customers,' said Joby Aviation, Inc. (NYSE:JOBY) founder and CEO JoeBen Bevirt. For his part, Toyota North America CEO Tetsuo Ogawa said that the investment reflects the two companies' dream 'of mobility for all and our commitment to achieving a future of air mobility.' Joby Aviation, Inc. (NYSE:JOBY) is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi, which it intends to operate as part of a fast, quiet, and convenient service in cities around the world. Overall, JOBY ranks 1st on our list of best-performing stocks. While we acknowledge the potential of JOBY, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than JOBY and that has 10,000x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
3 days ago
- Business
- Yahoo
Joby Aviation, Inc. (JOBY) Soars Almost 29% After Securing $250 Million Investment from Toyota
Joby Aviation, Inc. (NYSE:JOBY) stock surged significantly on Wednesday after the electric air taxi developer announced it had received a $250 million investment from Toyota. This funding is part of a previously disclosed $500 million commitment from the automaker, aimed at helping Joby Aviation, Inc. (NYSE:JOBY) move closer to certification and large-scale production of its electric air taxis. Toyota initially revealed the investment plan in October. Joby specializes in electric vertical takeoff and landing aircraft, or eVTOLs, which operate similarly to helicopters. The technology is designed to help ease urban traffic and lower emissions. The new funding adds to Toyota's earlier $394 million investment in Joby during a Series C funding round in 2020. Toyota North America CEO Tetsuo Ogawa joined Joby's board in July 2023, and the company has had a Toyota representative on its board since 2020. CEO and founder of Joby Aviation, Inc. (NYSE:JOBY), JoeBen Bevirt, made the following comment in the release: 'We're already seeing the benefit of working with Toyota in streamlining manufacturing processes and optimizing design. This is an important next step in our alliance with Toyota to scale the promise of electric flight.' Joby Aviation, Inc. (NYSE:JOBY) closed nearly 29% higher on May 28. While we acknowledge the potential of JOBY to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than JOBY and that has 100x upside potential, check out our report about this cheapest AI stock. READ MORE: and Disclosure. None.
Yahoo
20-05-2025
- Business
- Yahoo
Joby Aviation Stock Tumbles After CEO Offload in Shares
May 20 - Joby Aviation (NYSE:JOBY) stock slid about 5% on Monday, closing at $7.03 after trading as low as $7.01, Trading volume totaled 3.8 million shares, down roughly 68% from the average session volume of 11.9 million. Warning! GuruFocus has detected 3 Warning Signs with JOBY. The decline followed insider selling by CEO Joeben Bevirt, who offloaded 101,652 shares at an average price of $6.66, for proceeds of about $677,000. After the transaction, Bevirt holds 60,526,762 shares, valued at roughly $403 million, a 0.17% reduction in his position. Analysts remain divided. Canaccord Genuity lifted its price target on JOBY to $12.00 and kept a buy rating. Morgan Stanley reiterated an equal weight rating with a $7.00 target, down from $10.00. HC Wainwright and Cantor Fitzgerald both maintained bullish calls, buy at $9.00 and overweight at $9.00, respectively, while Needham & Company retained its buy rating with a $10.00 objective. Overall, one analyst rates the stock as a sell, one as a hold and four as buys. Market participants suggest the pullback may reflect profit-taking after recent gains. Based on the one year price targets offered by 7 analysts, the average target price for Joby Aviation Inc is $8.14 with a high estimate of $12.00 and a low estimate of $4.00. The average target implies a upside of +15.83% from the current price of $7.03. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
01-05-2025
- Business
- Yahoo
Archer vs. Joby: Which eVTOL Stock is Ready for Takeoff in 2025?
As urban congestion worsens each day and the push for sustainable transport intensifies, the concept of flying taxis is moving from sci-fi fantasy to near-term reality. With electric vertical takeoff and landing (eVTOL) aircraft at the forefront of this shift, companies like Archer Aviation ACHR and Joby Aviation JOBY stand to gain from the commercialization of urban air mobility. Archer is gaining momentum with its sleek Midnight eVTOL aircraft and collaborations with United Airlines and the U.S. Air Force, focusing on high-volume manufacturing and scalable networks. Joby, meanwhile, is banking on its head start in flight testing and vertically integrated approach, including its FAA-certified production facility. As the industry edges closer to liftoff, investors might be asking: Which eVTOL pioneer is better positioned to soar in 2025 and beyond? Let's delve deeper. ACHR ended 2024 with more than $1 billion in liquidity. Long-term debt totaled $75 million while current debt was nil. This should provide the company with the necessary resources to execute its civil and defense business strategies and invest in new innovative technologies. Archer Aviation's growth is underpinned by strong government and commercial collaborations. The company ended 2024 with an exclusive partnership with Anduril Industries to jointly develop a hybrid VTOL aircraft for critical defense applications and a multi-party collaboration agreement with key UAE and Abu Dhabi entities to advance the establishment of electric air taxi operations in Abu Dhabi. This year, ACHR signed an agreement with Ethiopian Airlines, making it the second customer planning to deploy Archer's Midnight jet under the 'Launch Edition' program. Looking ahead, the company aims to launch its Midnight eVTOL aircraft commercially by late 2025, targeting urban air mobility demand. Its partnership with United Airlines for planned air taxi services in major U.S. cities should further strengthen its capability in the eVTOL market. The completion of ACHR's 400,000-square-foot aircraft manufacturing facility in late 2024 should also help it meet the rising demand for eVTOL jets in the coming years. Joby Aviation also maintains a strong cash position, with almost $1 billion on hand as of Dec. 31, 2024. As of the same date, both its long and short-term debts were nil. This should provide JOBY with the financial flexibility it needs for designing and manufacturing aircraft, as well as developing production lines for jet components. Joby Aviation's growth prospects are bolstered by its strategic partnerships and advanced certification timeline. In March 2025, JOBY announced a partnership with Virgin Atlantic for the launch of its revolutionary air taxi service in the UK. Moreover, it became the first eVTOL company to receive a Part 135 Air Carrier Certificate from the FAA, allowing it to start operations with conventional aircraft while preparing its eVTOL. Looking ahead, JOBY aims to deliver its eVTOL aircraft to Dubai by mid-2025 and start commercial passenger operations by late 2025 or early 2026. Moreover, JOBY's high-rate production facility is planned for Dayton, OH, where the company purchased a 40,300-square-foot facility in 2024 and identified a separate 140-acre site, which comes with enough land to build over 2 million square feet of manufacturing space. This should help JOBY deliver more aircraft in the coming years. Both Archer Aviation and Joby are navigating a capital-intensive runway. However, whether the business model for both these stocks will be sustainable in the long run remains uncertain. This is because of the nascent stage of the eVTOL aircraft market itself. So, ACHR and JOBY's success depends not only on their ability to design, develop and certify eVTOL aircraft but also on how the demand for these vehicles evolves. Public acceptance of eVTOLs as an alternative to traditional transport methods could face hurdles related to safety, noise and affordability concerns. Without widespread recognition, JOBY and ACHR's growth potential may be constrained. Moreover, since both these stocks are in their pre-revenue stage (although JOBY has generated an insignificant amount of revenues in recent times), investors might remain concerned about their long-term growth viability. The Zacks Consensus Estimate for Archer Aviation's 2025 and 2026 loss per share implies a year-over-year improvement. However, the stock's bottom-line estimates been trending downward over the past 60 days. Image Source: Zacks Investment Research The Zacks Consensus Estimate for Joby Aviation's 2025 and 2026 loss per share suggests year-over-year growth. The stock's near-term bottom-line estimates, however, have been trending southward over the past 60 days. Image Source: Zacks Investment Research ACHR (down 7.9%) has outperformed JOBY (down 21.6%) over the past three months and has done the same in the past year. Shares of ACHR and JOBY have surged 119.8% and 27.7%, respectively. Image Source: Zacks Investment Research The image below, reflecting a negative Return on Equity (ROE) for ACHR and JOBY, suggests that neither of these eVTOL stocks is efficiently generating profits from its equity base. Image Source: Zacks Investment Research While both Archer and Joby are well-positioned to capitalize on the emerging eVTOL market, both companies remain speculative, with their pre-revenue-stage ventures exposed to significant execution, regulatory and adoption risks. That said, investors looking to enter the urban air mobility space should take a cautious approach while considering stocks like ACHR and JOBY and be prepared for high volatility and uncertain timelines. Considering the aforementioned comparative analysis of both these stocks, Archer Aviation may offer relatively better near-term upside, considering its outperformance over JOBY at the bourses. However, neither of them is without substantial risk. ACHR carries a Zacks Rank #3 (Hold) while JOBY holds a Zacks Rank #4 (Sell). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Joby Aviation, Inc. (JOBY) : Free Stock Analysis Report Archer Aviation Inc. (ACHR) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
01-05-2025
- Business
- Yahoo
Archer vs. Joby: Which eVTOL Stock is Ready for Takeoff in 2025?
As urban congestion worsens each day and the push for sustainable transport intensifies, the concept of flying taxis is moving from sci-fi fantasy to near-term reality. With electric vertical takeoff and landing (eVTOL) aircraft at the forefront of this shift, companies like Archer Aviation ACHR and Joby Aviation JOBY stand to gain from the commercialization of urban air mobility. Archer is gaining momentum with its sleek Midnight eVTOL aircraft and collaborations with United Airlines and the U.S. Air Force, focusing on high-volume manufacturing and scalable networks. Joby, meanwhile, is banking on its head start in flight testing and vertically integrated approach, including its FAA-certified production facility. As the industry edges closer to liftoff, investors might be asking: Which eVTOL pioneer is better positioned to soar in 2025 and beyond? Let's delve deeper. ACHR ended 2024 with more than $1 billion in liquidity. Long-term debt totaled $75 million while current debt was nil. This should provide the company with the necessary resources to execute its civil and defense business strategies and invest in new innovative technologies. Archer Aviation's growth is underpinned by strong government and commercial collaborations. The company ended 2024 with an exclusive partnership with Anduril Industries to jointly develop a hybrid VTOL aircraft for critical defense applications and a multi-party collaboration agreement with key UAE and Abu Dhabi entities to advance the establishment of electric air taxi operations in Abu Dhabi. This year, ACHR signed an agreement with Ethiopian Airlines, making it the second customer planning to deploy Archer's Midnight jet under the 'Launch Edition' program. Looking ahead, the company aims to launch its Midnight eVTOL aircraft commercially by late 2025, targeting urban air mobility demand. Its partnership with United Airlines for planned air taxi services in major U.S. cities should further strengthen its capability in the eVTOL market. The completion of ACHR's 400,000-square-foot aircraft manufacturing facility in late 2024 should also help it meet the rising demand for eVTOL jets in the coming years. Joby Aviation also maintains a strong cash position, with almost $1 billion on hand as of Dec. 31, 2024. As of the same date, both its long and short-term debts were nil. This should provide JOBY with the financial flexibility it needs for designing and manufacturing aircraft, as well as developing production lines for jet components. Joby Aviation's growth prospects are bolstered by its strategic partnerships and advanced certification timeline. In March 2025, JOBY announced a partnership with Virgin Atlantic for the launch of its revolutionary air taxi service in the UK. Moreover, it became the first eVTOL company to receive a Part 135 Air Carrier Certificate from the FAA, allowing it to start operations with conventional aircraft while preparing its eVTOL. Looking ahead, JOBY aims to deliver its eVTOL aircraft to Dubai by mid-2025 and start commercial passenger operations by late 2025 or early 2026. Moreover, JOBY's high-rate production facility is planned for Dayton, OH, where the company purchased a 40,300-square-foot facility in 2024 and identified a separate 140-acre site, which comes with enough land to build over 2 million square feet of manufacturing space. This should help JOBY deliver more aircraft in the coming years. Both Archer Aviation and Joby are navigating a capital-intensive runway. However, whether the business model for both these stocks will be sustainable in the long run remains uncertain. This is because of the nascent stage of the eVTOL aircraft market itself. So, ACHR and JOBY's success depends not only on their ability to design, develop and certify eVTOL aircraft but also on how the demand for these vehicles evolves. Public acceptance of eVTOLs as an alternative to traditional transport methods could face hurdles related to safety, noise and affordability concerns. Without widespread recognition, JOBY and ACHR's growth potential may be constrained. Moreover, since both these stocks are in their pre-revenue stage (although JOBY has generated an insignificant amount of revenues in recent times), investors might remain concerned about their long-term growth viability. The Zacks Consensus Estimate for Archer Aviation's 2025 and 2026 loss per share implies a year-over-year improvement. However, the stock's bottom-line estimates been trending downward over the past 60 days. Image Source: Zacks Investment Research The Zacks Consensus Estimate for Joby Aviation's 2025 and 2026 loss per share suggests year-over-year growth. The stock's near-term bottom-line estimates, however, have been trending southward over the past 60 days. Image Source: Zacks Investment Research ACHR (down 7.9%) has outperformed JOBY (down 21.6%) over the past three months and has done the same in the past year. Shares of ACHR and JOBY have surged 119.8% and 27.7%, respectively. Image Source: Zacks Investment Research The image below, reflecting a negative Return on Equity (ROE) for ACHR and JOBY, suggests that neither of these eVTOL stocks is efficiently generating profits from its equity base. Image Source: Zacks Investment Research While both Archer and Joby are well-positioned to capitalize on the emerging eVTOL market, both companies remain speculative, with their pre-revenue-stage ventures exposed to significant execution, regulatory and adoption risks. That said, investors looking to enter the urban air mobility space should take a cautious approach while considering stocks like ACHR and JOBY and be prepared for high volatility and uncertain timelines. Considering the aforementioned comparative analysis of both these stocks, Archer Aviation may offer relatively better near-term upside, considering its outperformance over JOBY at the bourses. However, neither of them is without substantial risk. ACHR carries a Zacks Rank #3 (Hold) while JOBY holds a Zacks Rank #4 (Sell). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Joby Aviation, Inc. (JOBY) : Free Stock Analysis Report Archer Aviation Inc. (ACHR) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
