Joby Aviation Projects $13 Billion Annual Revenue by 2045
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Fool
- Market Outlook: Joby Aviation anticipates that by 2045, there will be 30,000 eVTOLs transporting three billion passengers globally, indicating significant market potential, and if successful in replacing traditional helicopters, it could greatly drive company growth.
- Contract Progress: Joby's $131 million contract with the U.S. Department of Defense has seen the delivery of two eVTOLs, and although it only generated $136,000 in revenue in 2024, it still demonstrates its early mover advantage in the emerging market.
- Technological Edge: Joby's S4 aircraft can fly 150 miles on a single charge at a maximum speed of 200 mph, and it is developing a hydrogen-powered version that is expected to enhance charging speed and range, thereby strengthening its competitive position.
- Strategic Partnerships: Joby's collaboration with Uber and Delta Air Lines will facilitate the launch of its air taxi services, and while awaiting full FAA approval, successful implementation could significantly enhance its market share and brand influence.
JOBY
$13.54+Infinity%1D
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 15.50 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
4 Hold
1 Sell
Hold
Current: 13.880
Low
8.00
Averages
15.50
High
22.00
Current: 13.880
Low
8.00
Averages
15.50
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.
