Netflix, BlackSky Technology And Other Big Stocks Moving Lower In Friday's Pre-Market Session
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 18 2025
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Source: Benzinga
U.S. Stock Market Update: U.S. stock futures are slightly up, with Dow futures gaining 0.1%. Netflix shares fell 1.7% in pre-market trading despite reporting second-quarter revenue of $11.08 billion, exceeding estimates and raising full-year guidance.
Other Stocks Performance: Several stocks declined in pre-market trading, including Northern Dynasty Minerals (-35%), Sarepta Therapeutics (-20%), and BlackSky Technology (-15.5%), following various company announcements and market reactions.
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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: 13.370
Low
8.00
Averages
15.67
High
22.00
Current: 13.370
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.
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Joby Aviation Shares Plunge 16.68% Following $1.2 Billion Capital Raise
- Increased Capital Raise: Joby Aviation has raised its concurrent stock and convertible note offerings from $1 billion to $1.2 billion, with half coming from convertible notes due in 2032 and $600 million from the sale of 53 million shares at $11.35, indicating urgent funding needs.
- Significant Stock Price Drop: The company's shares closed at $11.13, down 16.72% from the previous day, reflecting market concerns over the new share issuance and dilution effects, with trading volume reaching 145.5 million shares, about 475% above the three-month average.
- Cash Flow Pressure: Joby burned over $500 million in cash over the past year, and this financing will provide a safety net for its certification and manufacturing efforts, although the stock price drop indicates market skepticism about its future profitability.
- Lackluster Market Reaction: Joby Aviation's stock decline mirrors a 3.82% drop in Archer Aviation, as investors reassess funding and technology roadmaps across the eVTOL sector, highlighting uncertainty about future developments.
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