Joby stock forecast shows a mixed but cautiously optimistic outlook for Q3 2024, with analysts projecting a potential 12–18% upside if FAA certifications progress as expected. The EV air taxi sector remains volatile, influenced by regulatory milestones and broader Nasdaq tech sentiment. While we acknowledge the potential of JOBY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock . In the long term, Joby envisions a significant expansion of its urban air mobility network, both domestically and internationally. Strategic partnerships with companies like Delta Air Lines and the pursuit of certifications in various countries (Australia, UAE, Japan) underscore a global ambition. The partnership with L3Harris also opens up substantial long-term market opportunities in the defense sector, providing a diversified revenue stream independent of commercial passenger services. Potential strategic pivots might include expanding into cargo delivery, emergency services, or even regional air travel, leveraging the versatility of eVTOL technology. The technical chart for Joby stock shows a clean ascending channel since March 2024, indicating sustained buying momentum. A breach above $6.50 could trigger algorithmic buys, adding short-term volatility.
