Joby Stock Price Prediction for 2028: Analyst Targets $20

Joby Aviation (NYSE: JOBY) is transitioning from a flight-test story to a revenue-generating business, with management guiding for $105 million in revenue in 2026. The stock currently trades around $10, down 24% year-to-date, but analysts see significant upside potential if key milestones are achieved. The company's electric vertical takeoff and landing (eVTOL) aircraft, designed for urban air mobility, has completed over 1,000 test flights, demonstrating progress toward commercial deployment. However, the path to profitability remains uncertain, as the company has yet to generate meaningful revenue from operations, relying instead on partnerships and acquisitions to build its business model.

For traders, the bull case hinges on FAA Type Certification, which could unlock a path to $26 per share over five years. The more conservative target of $20 by 2028 requires FAA certification by 2026, revenue from Dubai operations in 2027, and production of four aircraft per month at the Dayton facility. The Blade acquisition pushed Q4 2025 revenue to $30.84 million, providing a base for the growth trajectory. FAA certification is a critical regulatory hurdle that validates the aircraft's safety and airworthiness, similar to the process for traditional aircraft but adapted for eVTOL designs. Without it, commercial operations cannot commence in the U.S., limiting revenue potential. Dubai's planned launch in 2027 offers an alternative market, but relies on local regulatory approvals. For real-time pricing on JOBY and other eVTOL stocks, check NowPrice's equities page.

Looking ahead, investors should watch for FAA certification updates, quarterly production numbers from Dayton, and revenue progress from Dubai. The company's ability to meet these targets will determine whether the stock can double from current levels. Wall Street's consensus price target of $11 has not yet fully priced in the certification catalyst, leaving room for upside surprises. Additionally, competition from other eVTOL developers like Archer Aviation and Lilium could pressure market share, while supply chain constraints and battery technology advancements may impact production timelines. Monitoring these factors will be key to assessing Joby's long-term viability in the emerging urban air mobility sector.