The Joby Aviation Bull Case Comes Down to One Question

Joby Aviation is having a difficult 2026, with shares down 53.56% year-to-date and 56.59% over the past year, after hitting the mid-teens in late 2025. Still, the company’s business is advancing toward commercialization, according to the article. CEO JoeBen Bevirt said Joby is “unlocking the third dimension of mobility,” and the current setup includes five air taxis flying, an agreement through a Toyota manufacturing joint venture, and progress toward FAA certification. The piece lays out what it would take for JOBY to reach $12 per share in 2027, noting analyst consensus at $10.68 and pointing to FAA type certification, early eIPP flights in September in the Dallas-Fort Worth area, and a planned Toyota investment expected to close by early 2027.