
Joby Aviation (JOBY) Stock Forecast & Price Target
Joby Aviation (JOBY) Analyst Ratings
Bulls say
Joby Aviation Inc. demonstrates a strong financial foundation with over $933 million in cash and equivalents, allowing the company to sustain operations for nearly two years even amidst significant cash burn in the fourth quarter. The company's strategic focus on developing an eVTOL air taxi and an app-based aerial ridesharing platform positions it favorably within the burgeoning urban air mobility sector, complemented by its ongoing efforts to secure FAA Type Certification. Additionally, Joby's solid liquidity, including a total of approximately $1.4 billion inclusive of external investments, supports its ambitions to capture market share in both commercial passenger services and the defense sector, enhancing the overall positive outlook for its future growth potential.
Bears say
Joby Aviation Inc. reported a significant EBITDA loss of approximately $456.7 million for the fiscal year 2024, reflecting an ongoing trend of substantial net losses, including a net loss of $246.3 million in the fourth quarter of 2024, which represented an increase from the previous year’s loss. The company has revised its capital expenditure estimates downward for fiscal years 2025 and 2026, indicating a more cautious approach to future spending, which may signal concerns about cash flow and financial viability. Additionally, the absence of long-term guidance and challenges in accurately modeling aircraft production and revenue generation raises further uncertainty regarding the company's future profitability and overall performance.
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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