Joby Aviation (JOBY) Stock Surges After Manhattan Air Taxi Demo — Analysts Maintain $18 Target
Joby Aviation's stock surged 6.35% after a successful Manhattan air taxi demo, with analysts from Needham and H.C. Wainwright maintaining Buy recommendations and $18 price targets. The company's S4 eVTOL aircraft completed a JFK-to-Manhattan route in under 10 minutes.
Joby Aviation's stock climbed 6.35% on Tuesday after a successful urban air mobility demonstration in New York City. The company's S4 eVTOL aircraft completed a journey from John F. Kennedy International Airport to Manhattan in approximately 10 minutes, a trip that typically takes 60 to 120 minutes by ground transportation. Analysts from Needham and H.C. Wainwright maintained their Buy recommendations with $18 price targets, representing a potential 99% gain. Joby Aviation is progressing toward full commercial certification and is scheduled to participate in the eIPP initiative in summer 2026. The company is expected to release its Q1 2026 financial results on May 5.
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