Will Joby Aviation Stock Double This Year?

Joby Aviation (NYSE:JOBY) is 1 of the astir polarizing names successful the eVTOL space, and the question connected each shareholder's caput close present is whether the banal tin treble from here.

Based connected our proprietary model, the reply is no, astatine slightest not implicit the adjacent 12 months. The 24/7 Wall St. terms people for Joby is $11.63, implying astir 6.52% upside from $10.92. Our proposal is bargain with mean confidence.

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24/7 Wall St. Price Target Summary

From a Painful Drawdown to a May Rally

Joby has had a volatile year. The banal traded arsenic precocious arsenic $20.95 successful the past 52 weeks earlier sliding to a debased of $6.72. Year to date, shares are down 17.27%, but the past period has brought a crisp rebound of 19.47%, helped by Q1 2026 results that delivered $24.25 cardinal successful gross against an estimation adjacent $19 cardinal to $20.2 million.

The May 2026 superior rise brought successful astir $1.3 cardinal done a combined equity and convertible notes offering, lifting currency and short-term investments to $2.5 billion. The archetypal eVTOL flights betwixt JFK and Manhattan, completed successful nether 10 minutes, besides reignited the story.

The Case for $15 and Beyond

The bull lawsuit is straightforward: 2026 is the inflection year. CEO JoeBen Bevirt has said the absorption is shifting "from however and erstwhile we'll spell to market, to however galore craft we tin nutrient and wherever to deploy them." Joby holds a 6-year exclusive connected Dubai aerial taxi access, with vertiports planned astatine DXB Airport, the American University of Dubai, Palm Jumeirah, and Dubai Mall.