Joby Aviation gains after quarterly revenue beat

Joby Aviation

06/11/2025 10:29

** Joby Aviation JOBY.N shares climb 3.3% premarket

** Electric air taxi maker posts Q3 revenue of $22.6 million, well past analysts' expectation of $12,400 - data compiled by LSEG

** JOBY's rev tops view on the back of recently acquired  helicopter ride-share firm Blade's passenger business

** J.P. Morgan says Blade unit offers new growth levers for JOBY as it expands its routes

** JOBY also said it is nearing the final stage of certification for its electric vertical take off landing vehicles (eVTOL), a milestone that JPM views "favourably"

** Nine brokerages tracking stock rate it "hold" on average; their median PT is $11.5 - LSEG

** Up to Wednesday's close, stock had risen ~85% YTD, compared with peer Archer Aviation's ACHR.N ~2% decline

 (Reporting by Nandan Mandayam in Bengaluru)

 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))