JOBY Price Prediction Next Week
Analysis and Insights
News Sentiment and Recent Developments:
Partnership with Virgin Atlantic: Joby Aviation has partnered with Virgin Atlantic to launch its air taxi service in the UK, building on its existing agreement with Delta Air Lines, which owns a 49% stake in Virgin Atlantic. This partnership highlights Joby's strategic expansion efforts and strengthens its position in the urban air mobility market.
Test Flights Completion: Joby has successfully conducted thousands of test flights, including demonstrations in major locations such as New York City, Japan, and Korea. This demonstrates progress in operational capabilities and regulatory preparedness.
Market Challenges: The first quarter of 2025 has posed challenges for technology investors due to trade tensions and economic policy shifts. Despite this, Joby is identified as a compelling investment opportunity in the emerging urban air mobility sector.
Regulatory Delays: The commercialization of electric vertical takeoff and landing (eVTOL) aircraft is facing significant delays due to regulatory hurdles, particularly with the FAA, pushing timelines for certification beyond 2025. This could impact Joby's commercialization timeline.
Technical Analysis:
Current Price: $6.72 (as of 2025-03-24).
RSI (14-period): 48.09, indicating a neutral position, neither overbought nor oversold.
MACD: The MACD line is slightly below the signal line (-0.30), suggesting bearish momentum.
Fibonacci Levels:
- Pivot Point: $6.28
- Resistance Levels: $6.58 (R1), $6.77 (R2)
- Support Levels: $5.97 (S1), $5.79 (S2)
Price Action: The stock is currently trading above the Fibonacci pivot point, indicating potential support at $6.28.
Price Prediction and Recommendation:
Based on the analysis of technical indicators and recent news sentiment, the stock is expected to face resistance at $6.58 and $6.77. Given the current price action and the bearish MACD signal, the stock may consolidate or slightly decline in the next trading week.
Predicted Price Range: $6.40 - $6.60
Recommendation: Sell at current levels, as the stock is likely to face resistance and may experience a pullback due to technical and regulatory headwinds.
JOBY Similar Chart Price Prediction
The price of JOBY is predicted to go up 8.24%, based on the high correlation periods with NHI. The similarity of these two price pattern on the periods is 96.58%.
JOBY
NHI
Up: 8.24%Similarity: 96.58%
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JOBY Analyst's Forecast
Bill Peterson
JP Morgan
Hold → Sell
2025-01-10
Price Target
$5 → $6
Downside
-31.35%
JPMorgan downgraded Joby Aviation to Underweight from Neutral with a price target of $6, up from $5. While the stock is "marginally more de-risked" than the 2023 period, the shares are trading as though type certification has already been successfully completed, the analyst tells investors in a research note. The firm believes Joby's fundamental story appears to be largely unchanged and "still mostly binary" hinging on certification. The downgrade reflects JPMorgan attempting to balance the near-term relative outperformance with its expectations that the shares may potentially retreat once "Trump 2.0 impacts and volatility are further digested."
Austin Moeller
Canaccord Genuity
Strong Buy
2025-01-08
Price Target
$9.75 → $12
Upside
+31.58%
Chris Pierce
Needham
Strong Buy
2024-11-19
Price Target
$8
Upside
+26.38%
