Should You Buy Joby Aviation While It's Under $15?
- - Should You Buy Joby Aviation While It's Under $15?
Steven Porrello, The Motley FoolDecember 23, 2025 at 12:05 AM
0
Key Points -
Shares of the eVTOL aircraft maker soared about 70% this year.
The start-up business is pre-revenue and lacks FAA type certification.
The stock will be volatile, but investors can consider a long-term position.
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Joby Aviation (NYSE: JOBY) is a frontrunner in the new market of electric vertical takeoff and landing (eVTOL) aircraft, sometimes referred to as "air taxis."
Joby stock has enjoyed a strong 2025, up roughly 70% year to date, yet has now cooled off and is trading below $15. That pullback might put Joby back in the buy zone for some investors, but it also raises the question: Is this a stock that investors really want to own in 2026?
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Let's take a quick look.
The biggest risks investors should watch for
The most obvious risk is that Joby Aviation is still in the pre-commercial phase. Like other eVTOL companies, including its rival Archer Aviation, Joby does not have FAA type certification. As a result, it can't scale its operations commercially, and thus lacks meaningful revenue.
Two Joby Aviation aircraft idling on a runway.
Image source: Joby Aviation.
Joby's balance sheet is strong, but cash burn is real. Joby had about $978 million in cash and equivalents at the end of last quarter, and it got another $576 million in October through an underwritten equity offering. Still, the company has reported a net loss of about $808 million over its last three quarters.
The company has also been progressing through certification work, and it's now in the final stages of FAA type certification. Still, with a market capitalization of roughly $13 billion at today's price, a lot of good news may already be baked in.
At $15 a share, Joby isn't for the faint-hearted. The stock will likely stay volatile as it works its way to commercialization. Aggressive investors with a horizon of five years or more may consider starting a small position. More conservative investors may want to look elsewhere for their next growth stock.
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Steven Porrello has positions in Joby Aviation. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Source: “AOL Money”
