Factor Model (net -2.6)
Factor Model
net -2.6 5.6 / 10Morgan Stanley and Canaccord Cut Joby Targets
Watch: Monitor upcoming commercial launch metrics to assess demand strength and revenue scale beyond niche applications.
Morgan Stanley cut Joby's price target from $15 to $13 and maintained Equal Weight, while Canaccord lowered its target to $11.50 from $15.50, keeping a Hold rating. Joby confirmed 2026 revenue outlook and first-half cash use guidance, holding $2.5 billion cash. The company is progressing in the FAA certification testing stage post-Q1 results.
Price target cuts reflect tempered analyst optimism despite solid cash reserves and regulatory progress, indicating cautious sentiment on Joby's path to commercial operations.
Evidence
7 older signals
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