
Joby Aviation (JOBY) Stock Forecast & Price Target
Joby Aviation (JOBY) Analyst Ratings
Bulls say
Joby Aviation Inc. has strengthened its cash position by over $200 million quarter-over-quarter, resulting in approximately $933 million in cash and equivalents, which supports operations for nearly two years despite a $135 million burn rate in the last quarter. The company is well-capitalized to pursue its upcoming UAE launch and demonstrates strong liquidity, bolstered by a total of around $1.4 billion, inclusive of strategic investment partnerships. Additionally, Joby maintains a competitive stance in the defense sector and is poised for long-term growth in the eVTOL market as it works towards commercialization and FAA Type Certification.
Bears say
Joby Aviation Inc. reported a significant increase in net losses, with a FY24 net loss of approximately $608 million and a Q4 FY24 net loss of around $246.3 million, up from $115.1 million in the same period the previous year. The company is experiencing a substantial EBITDA loss projected at approximately $456.7 million and has reduced its capital expenditure estimates for FY25/FY26, indicating potential constraints on future investments and growth opportunities. Concerns regarding the uncertainty surrounding FAA regulations and the modeling accuracy for future air taxi routes contribute to a negative outlook on the stock, despite some bullish sentiments regarding its FAA leadership and partnership capabilities.
This aggregate rating is based on analysts' research of Joby Aviation and is not a guaranteed prediction by Public.com or investment advice.
Joby Aviation (JOBY) Analyst Forecast & Price Prediction
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