Joby Aviation (JOBY) Stock Soars as Government Fast-Tracks Flying Cars

TLDR

Joby Aviation stock surged up to 14.9% following President Trump’s executive order to accelerate eVTOL aircraft development H.C. Wainwright raised Joby’s price target from $9 to $13 based on positive long-term revenue projections The executive order mandates selecting at least five pilot projects for eVTOL operations within 180 days Joby signed a deal with Abdul Latif Jameel to distribute up to 200 aircraft in Saudi Arabia Other flying taxi stocks also rallied, with Archer Aviation up 9% and Vertical Aerospace up 11%

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Joby Aviation shares jumped as much as 14.9% in early trading Monday following President Trump’s executive order designed to boost electric vertical takeoff and landing aircraft development. The stock closed up 13.67% at $9.23.

The executive order, signed Friday, aims to “unleash American drone dominance” and includes specific mandates for eVTOL advancement. The Department of Transportation must select at least five pilot projects within 180 days.

These projects will focus on advanced air mobility, medical response, cargo transport, and rural access applications. The move represents a clear push from the federal government to accelerate the flying taxi industry.

Joby wasn’t the only beneficiary of the news. Archer Aviation climbed about 9%, while Vertical Aerospace soared 11%.

Blade Air Mobility jumped 2%, and other sector players also saw gains. The broad rally shows investor enthusiasm for the government backing.

Joby Aviation, Inc. (JOBY)

Analyst Upgrade Follows Government Support

H.C. Wainwright responded to the developments by raising Joby’s price target from $9 to $13. The upgrade reflects positive long-term revenue projections for the company.

The analyst firm sees the executive order as a catalyst for faster regulatory approvals. Government support could also boost operational testing opportunities.

Joby has been building momentum through strategic partnerships. The company recently signed a deal with Abdul Latif Jameel to distribute up to 200 four-passenger eVTOL aircraft in Saudi Arabia.

The Saudi deal represents a major international expansion opportunity. It shows Joby’s aircraft design is attracting interest from global partners.

Regulatory Path and Market Position

The company appears positioned as a leader in the race to bring eVTOLs to market. Joby and rival Archer Aviation could have air taxis operating as soon as next year if FAA approvals proceed smoothly.

Federal Aviation Administration certification remains a key hurdle. New aircraft designs require extensive testing and regulatory review.

The executive order may help streamline this process. Government support could reduce typical bureaucratic delays.

Joby has already established relationships with military entities. The company has delivered aircraft to Edwards Air Force Base as part of its military collaborations.

These existing government connections could prove valuable. Military partnerships often provide steady revenue streams and regulatory credibility.

The pilot program structure allows companies to demonstrate real-world applications. Successful pilots could lead to broader commercial approvals.

Joby’s stock has traded between $4.66 and $10.72 over the past 52 weeks. Monday’s surge brought shares near the upper end of that range.

Trading volume spiked to over 171 million shares, well above the average daily volume of 15.6 million. The elevated activity shows strong investor interest in the government announcement.

The company maintains a market capitalization of approximately $7 billion. This valuation reflects investor expectations for future growth rather than current revenue.

Recent developments include Archer Aviation’s successful piloted flight of its Midnight eVTOL as part of certification efforts in the U.S. and UAE.

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