Joby stock forecast also reflects competitive positioning

Joby stock forecast also reflects competitive positioning against Archer Aviation and Lilium, with better funding timelines suggesting relative stability in capital burn rates. It's a classic scaling problem, and building out a full network of vertiports is highly risky without first proving the concept and demand for it. In a move diversifying its revenue streams, Joby also announced a partnership with defense contractor L3Harris Technologies ( NASDAQ: LHX ) in August 2025 . This collaboration aims to develop a defense-grade hybrid eVTOL aircraft for military applications, with flight testing anticipated to commence as early as Fall 2025. This deal not only opens a significant military market for Joby but also validates its technological prowess by adapting its core capabilities for demanding defense requirements. These developments were bolstered by a substantial infusion of over $1 billion in additional funding and commitments in late 2024 , including anticipated investments totaling $500 million from Toyota ( NYSE: TM ), providing a robust financial runway for continued development and commercialization. Furthermore, the acquisition of Xwing's Autonomy Division in June 2024 brought in valuable autonomous flight technology, which is being integrated into future aircraft designs, enhancing safety and efficiency. Joby stock forecast suggests that corporate partnerships with major airlines will be a valuation driver in 2024–2025, as shared infrastructure and branding reduce launch risk.