Why is Joby Aviation stock falling on Friday?
Joby Aviation Inc JOBY stock is trading lower on Friday, driven down by a broker downgrade alongside market reactions to a major legal setback involving a $116.9 million jury verdict. The Nasdaq is up 0.
Model output · Signal date 2026-10-16
Joby Aviation, Inc. (JOBY) Stock Forecast Oct. 16, 2026
Analysis updated on Oct. 16, 2026 (UTC) · Alpha · vs marketSwitch to Total · NYSE
Rating · 90D
Alpha
90-day forecast
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30-day forecast
Alpha
Rank in coverage
Middle 30%
of 5172 stocks scored
Rank correlation · 90D
34.0%
Spearman, 357 dates
Market Cap
$4.61B
mid-cap · #4 of 17 peers
Summary
Joby Aviation, Inc. (JOBY) stock forecast summary
On Oct. 16, 2026, JOBY is rated Neutral: its 90-day Alpha forecast sits in the middle 30% of the 5172 stocks scored that day.
Joby Aviation, Inc. is a mid-cap company with a market capitalization of $4.61B. It ranks number 4 by market capitalization among the 17 Aircraft issuers in our coverage with a current forecast.
For JOBY, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 34.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 24.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +1.8%, buy ≥ +0.2%, sell < -0.9%, strong sell < -1.2% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-16 signals)
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JOBY price chart and AI forecast
Cross-section · 2026-10-16
How JOBY ranks among 5172 stocks
90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Fundamentals · 2026-06-30
Joby Aviation, Inc. (JOBY) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Aircraft peers listed below that report each metric.
Valuation & Market
| Metric | JOBY | Rank |
|---|---|---|
| Market Cap | $4.61B | 4/17 |
| P/B Ratio | 2.61x | 4/10 |
| EPS | $-0.97 | – |
| Book Value/Share | $1.79 | – |
| Revenue/Share | $0.09 | – |
| FCF/Share | $-0.75 | – |
Profitability & Margins
| Metric | JOBY | Rank |
|---|---|---|
| ROE | -49.7% | 5/8 |
| ROA | -31.9% | 4/8 |
| ROIC | -33.7% | 9/14 |
| Operating Margin | -959.2% | 6/8 |
| Net Margin | -954.0% | 3/5 |
| EBT Margin | -952.4% | 7/9 |
| Tax Rate | -0.2% | – |
Financial Health
| Metric | JOBY | Rank |
|---|---|---|
| Current Ratio | 17.98x | 3/18 |
| D/E Ratio | 0.56x | 5/15 |
| Financial Leverage | 1.56x | 5/14 |
| Interest Coverage | -4406.8x | 13/14 |
| Working Capital | $2.19B | 3/18 |
Cash Flow
| Metric | JOBY | Rank |
|---|---|---|
| Operating Cash Flow | -$610M | 17/17 |
| Free Cash Flow | -$743M | 13/13 |
| Capital Spending | -$133M | 11/13 |
| FCF/Sales | -807.5% | 8/9 |
| CapEx/Sales | 144.9% | 2/9 |
Operational Efficiency
| Metric | JOBY | Rank |
|---|---|---|
| Asset Turnover | 0.03x | 9/9 |
| Fixed Assets Turnover | 0.4x | 9/10 |
Income Statement
| Metric | JOBY | Rank |
|---|---|---|
| Total Revenue | $92M | 5/10 |
| Operating Income | -$883M | 14/15 |
| Net Income | -$878M | 8/9 |
| R&D Expense | $683M | 2/15 |
| SG&A Expense | $240M | 2/5 |
Dividend & Shareholder Information
| Metric | JOBY | Rank |
|---|---|---|
| Shares Outstanding | 989M | – |
Balance Sheet Highlights (USD millions)
| Total Current Assets | $2.32B | 84.2% of assets |
| Cash & Short-term Investments | $630M | 22.9% of assets |
| Total Liabilities | $985M | 35.8% of assets |
| Short-term Debt | $121M | 4.4% of assets |
Quarterly Financial Reports
JOBY quarterly financials and insider trading
Industry Peers · Aircraft
Joby Aviation, Inc. (JOBY) industry peers
Companies classified under the same SEC industry code as Joby Aviation, Inc. (Aircraft): 18 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Alpha) | Market Cap |
|---|---|---|
| JOBY Joby Aviation, Inc. | ▶ | $4.61B |
| BA Boeing Co | ▶ | $150.34B |
| EMBJ Embraer S.A. | ▶ | $13.08B |
| AVAV Aerovironment Inc | ▼ | $6.19B |
| BETA Beta Technologies, Inc. | ▲ | $4.22B |
| ACHR Archer Aviation Inc. | ▼ | $3.13B |
| AVEX Aevex Corp. | ▼ | $1.75B |
| EVEX Eve Holding, Inc. | ▲ | $565M |
| AIRO Airo Group Holdings, Inc. | ▼ | $167M |
| DPRO Draganfly Inc. | ▶ | $145M |
| HOVR New Horizon Aircraft Ltd. | ▼ | $92M |
| EVTL Vertical Aerospace Ltd. | ▶ | $69M |
| UAVS Ageagle Aerial Systems Inc. | ▼ | $44M |
| MOB Mobilicom Ltd | ▲ | $37M |
| DUKR Duke Robotics Corp. | ▼ | $15M |
| XERI Xeriant, Inc. | ▶ | $10M |
| BRQL Dynamic Aerospace Systems Corp | ▶ | $6M |
| MTTN Matternet, Inc. | ▼ | N/A |
Where JOBY sits on the market map
Manufacturing · Aircraft
News
Joby Aviation, Inc. (JOBY) stock news
JOBY Stock Drops To Near Two-Year Lows After Barclays Downgrade On Manufacturing Capacity Doubts
The ARK Autonomous Technology & Robotics ETF (ARKQ), which maintains holdings in both Joby and Archer, edged up 0.9% as Archer's gains offset Joby's decline. The broader SPDR S&P 500 ETF Trust (SPY) traded up 0.5% during the same session.
Cathie Wood Buys Archer Aviation and Joby Aviation Shares While Selling Teradyne
ARK Invest sold Teradyne shares and bought Archer Aviation and Joby Aviation stock as both air taxi companies face a rough 2026.
FAQ
Joby Aviation, Inc. (JOBY) stock forecast FAQ
What is the Joby Aviation, Inc. (JOBY) stock forecast?
On Oct. 16, 2026, JOBY is rated Neutral: its 90-day Alpha forecast sits in the middle 30% of the 5172 stocks scored that day.
How accurate are Joby Aviation, Inc. stock predictions?
For JOBY, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 34.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 24.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Joby Aviation, Inc. forecasts updated?
Joby Aviation, Inc. forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 16, 2026.
Which companies are Joby Aviation, Inc.'s industry peers?
18 issuers in our coverage, JOBY included, share the SEC industry code Aircraft. The largest are: Boeing Co (BA), Embraer S.A. (EMBJ), Aerovironment Inc (AVAV), Beta Technologies, Inc. (BETA), Archer Aviation Inc. (ACHR), Aevex Corp. (AVEX).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.