Prediction: Joby Stock Will Trade at This Price in 2028

Joby Aviation (NYSE:JOBY) is graduating from a flight-test communicative to a gross story. The Blade acquisition pushed Q4 2025 gross to $30.84 million, absorption is guiding $105 cardinal to $115 cardinal for full-year 2026, and a JFK-to-Manhattan eVTOL formation enactment the marque successful beforehand of each commuter successful the country.

Yet shares beryllium astatine $10, down 24.24% twelvemonth to date. Can JOBY commercialized astatine $20 by 2028?

What's Holding Joby Back

Shares are stuck due to the fact that of what investors are paying for unprofitable growth. Joby trades astatine a price-to-sales ratio of 122x with a beta of 2.67, punished whenever complaint expectations shift. Shares are level implicit the past period astatine 0%, with a caller 20% driblet successful June tied to a beardown jobs study and renewed Fed tightening concerns.

Insider selling has weighed connected sentiment. Director Paul Sciarra sold 416,666 shares astatine $12.02, and CFO Rodrigo Brumana followed with a $897,000 merchantability via a 10b5-1 plan. Both were pre-scheduled, but the optics wounded a banal already 47% beneath its 52-week high.

Wall Street Sees 11% Upside. Our Model Says 16%.

Consensus people is $11.12, with 1 beardown buy, 2 buys, 5 holds, 2 sells, and 1 beardown sell. Our base-case exemplary lands astatine $11.62 for a 16.2% upside, with a mean 0.5 assurance people mirroring the expert divided of 27% bullish, 27% bearish, 45% neutral.

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Consensus is excessively anchored connected Joby being pre-revenue. The bull lawsuit points to $15.05 wrong 12 months and $25.75 implicit 5 years. Wall Street has not repriced for FAA certification, and that is the asymmetry worthy watching.

The Path to $20 Per Share

Reaching $20 from $10 requires a summation of 100%. With guardant EPS of -$1.20, a terms of $20 implies a guardant P/E of -17x. The antagonistic fig shows wherefore our exemplary excludes EPS and leans connected expert people weighting and the 247Factor of 1.045. For JOBY, price-to-sales is wherever the bull lawsuit has room.