Joby Aviation Stock Could Reach This Level by 2028

June 21, 2026 - 19:42

Joby Aviation is making the leap from a company known for test flights into one that actually generates revenue. The recent acquisition of Blade helped push fourth-quarter 2025 revenue to $30.84 million. Management now expects between $105 million and $115 million in revenue for the full year 2026. The company also completed a high-profile eVTOL flight from JFK to Manhattan, putting the brand in front of millions of commuters across the country.

Despite these milestones, shares still trade around $10. That price reflects lingering uncertainty about when commercial operations will truly scale and whether the company can hit its production targets. But the fundamentals are shifting. With a growing revenue base and a clear path to commercial launch, the stock looks undervalued relative to its potential.

By 2028, Joby could be operating multiple commercial routes, generating hundreds of millions in annual revenue, and possibly turning a profit. If the company executes on its current plans and the regulatory environment stays supportive, the stock could trade in the range of $25 to $35. That would represent a significant gain from today's levels. Of course, risks remain. Delays in certification, production bottlenecks, or a broader economic downturn could push that target lower. But for investors with a long-term view, the trajectory looks promising.