Morgan Stanley and Canaccord Cut Price Targets on Joby Aviation (JOBY) after Q1 Update

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On May 7, Morgan Stanley expert Kristine Liwag lowered the firm’s terms proposal connected Joby Aviation, Inc. (NYSE:JOBY) to $13 from $15. She reiterated an Equal Weight standing connected the shares. The expert said caller progress, particularly astir eIPP information and nationalist formation demonstrations, improved visibility into respective important milestones expected successful 2026.

On the aforesaid day, Canaccord expert Austin Moeller lowered the firm’s terms extremity connected Joby Aviation to $11.50 from $15.50. The expert maintained a Hold standing connected the stock. The steadfast updated its exemplary pursuing the company’s Q1 results. Management besides reiterated its 2026 gross outlook and first-half currency usage guidance, supported by Joby’s $2.5B currency position. Canaccord added that the institution continued making advancement successful the Testing and Analysis signifier of its FAA certification process.

Joby Aviation, Inc. (NYSE:JOBY) is simply a proscription institution processing an all-electric vertical take-off and landing aerial taxi. The institution focuses connected designing and investigating piloted all-electric eVTOL aircraft.

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