Joby Aviation Reveals Pricing for Underwritten Common Stock Offering
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 08 2025
0mins
Source: Newsfilter
Joby Aviation's Stock Offering: Joby Aviation announced the pricing of its underwritten offering, selling 30.5 million shares at $16.85 each, aiming to raise approximately $513.9 million, with a potential additional 4.575 million shares available for purchase by the underwriter.
Use of Proceeds: The funds from the offering will be used for certification and manufacturing efforts, preparation for commercial operations, and general corporate purposes, with the offering expected to close on October 9, 2025, pending customary conditions.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy JOBY?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on JOBY
Wall Street analysts forecast JOBY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for JOBY is 15.67 USD with a low forecast of 8.00 USD and a high forecast of 22.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
1 Buy
3 Hold
2 Sell
Hold
Current: 11.140
Low
8.00
Averages
15.67
High
22.00
Current: 11.140
Low
8.00
Averages
15.67
High
22.00
About JOBY
Joby Aviation, Inc. is a transportation company developing an all-electric, vertical take-off and landing air taxi. The Company is engaged in designing and testing a piloted all-electric, vertical take-off and landing (eVTOL) aircraft. The Joby eVTOL is designed to transport a pilot and up to four passengers or an expected payload of up to 1,000 pounds at speeds of up to 200 miles per hour (mph). The aircraft is optimized for urban routes, with a target range of up to 100 miles on a single charge. The Company plans to manufacture, own and operate its aircraft itself, building a vertically integrated transportation company that delivers transportation services to customers, including government agencies such as the United States Air Force (USAF) through sales or contracted operations, and to individual end-users through a convenient app-based aerial ridesharing service. It also offers a network of terminals and loyal flyers in markets like New York and in Southern Europe.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Joby Aviation's $1.4 Billion Financing Plan Dilutes Shareholders
- Financing Announcement: Joby Aviation revealed plans to issue $1.2 billion in new common stock and convertible debt, including $600 million in convertible notes and 52.9 million shares priced at $11.35 each, indicating urgent capital needs to sustain operations.
- Shareholder Dilution Risk: This financing will dilute existing shareholders by 13.3%, with a total of 121.6 million new shares expected, raising significant concerns about the company's future profitability among investors.
- Negative Market Reaction: Following the financing news, Joby's stock price fell by 16.23%, currently at $11.20, reflecting strong market unease regarding the company's financial health.
- Underwriter Options: Joby has also granted underwriters an option to purchase an additional $90 million in convertible debt and 7.9 million more shares, potentially increasing the total financing to $1.4 billion, further deepening investor anxiety.
Continue Reading
Joby Aviation's Financing Strategy and Market Dynamics
- Expanded Financing: Joby Aviation announced an upsized public offering totaling $1.18 billion, which includes $600 million in convertible senior notes and 52.86 million shares of common stock, expected to yield approximately $1.16 billion in net proceeds to support FAA certification and manufacturing expansion.
- Stock Price Volatility: Since Wednesday, Joby shares have fallen about 15%, currently trading at $11.05, indicating significant short-term weakness, with the stock price closer to its 52-week lows, reflecting cautious market sentiment.
- Future Earnings Expectations: Analysts anticipate Joby will report a loss of 20 cents per share in the upcoming earnings report on February 25, with revenue estimates at $17.20 million, a substantial increase from $0.06 million year-over-year, indicating potential for revenue growth.
- Market Response and Analyst Ratings: Joby stock is currently rated as Hold with an average price target of $12.50; while Goldman Sachs has issued a Sell rating with a target of $10.00, Needham maintains a Buy rating with a target of $22.00, reflecting divergent views on the company's future prospects.
Continue Reading