If you’re checking your ticker app today to see how much is Joby stock, you’re probably seeing a number that looks a lot different than it did even six months ago. As of mid-January 2026, Joby Aviation (JOBY) is trading right around $15.36 per share. It’s been a wild ride. Just last week, we saw it bouncing between $14.80 and $16.30, reflecting the kind of stomach-turning volatility you only get when a company is on the literal verge of changing how people move around cities.
People aren't just buying a stock here; they're betting on the "Jetson" future.
Joby isn't some fly-by-night startup anymore. They have a market cap sitting near $14 billion. To put that in perspective, that’s double the valuation of their closest rival, Archer Aviation. Investors are clearly paying a premium for Joby’s lead in the FAA certification race. But is it actually worth fifteen bucks a share when they haven't started flying regular passengers for cash yet? That’s the multi-billion dollar question.
The 2026 Reality: Why the Price is Moving Now
The reason everyone is obsessed with the current price is that 2026 was always the "promised land" for eVTOL (electric vertical takeoff and landing) companies.
We are finally here.
Right now, the stock is reacting to a few massive catalysts. First, there's the Dubai factor. Joby has an exclusive deal with Dubai’s Road and Transport Authority to launch air taxi services this year. This isn't a "maybe" anymore—the simulators are being delivered, and the infrastructure is being bolted into the ground. When the market sees a clear path to revenue, the stock price usually stops acting like a meme and starts acting like a business.
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What the Analysts Are Saying (And Why They Disagree)
Wall Street is currently split right down the middle, which is why you see those daily 5% swings.
- The Bulls (Target: $22.00): These folks, like Chris Pierce over at Needham, point to the 700,000-square-foot manufacturing facility Joby just grabbed in Ohio. They see a company that can actually build these things at scale.
- The Bears (Target: $8.00): Firms like JPMorgan have been more skeptical. They worry about the "dilution" trap. Basically, Joby loses a lot of money every month—roughly $1 billion in losses over the last year—and they might need to issue more stock to keep the lights on, which can devalue the shares you already own.
- The Middle Ground: The average consensus price target is floating around $13.43 to $15.50.
Honestly, trying to pin down a "fair" value for Joby right now is like trying to value Tesla in 2010. You're either a believer in the tech or you're not.
How Much is Joby Stock Compared to its History?
If you look at the 52-week range, it’s a massive spread: $4.96 to $20.95.
If you bought in at $5, you’re feeling like a genius. If you bought at the peak of the hype last year when it crossed $20, you’re probably still waiting to break even. The stock has surged about 360% since the start of 2023. That is a massive run-up.
Recent Trading Patterns
In the last few days, the volume has been heavy—over 30 million shares changing hands on some days.
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- January 2, 2026: Opened the year at $14.36.
- January 6, 2026: Spiked to $16.30 on news about simulator progress.
- Today: Stabilizing in the $15 range.
It feels like the market is "pricing in" a successful FAA certification. If that certification gets delayed or if there's a technical hiccup during the "for-credit" testing with FAA pilots this year, that $15 price point could evaporate overnight.
Key Risks That Could Tank the Price
It’s not all sunshine and electric motors. There are three things that keep Joby investors up at night.
Regulatory Red Tape: The FAA is notoriously careful. Joby is about 70% of the way through the certification process, but that last 30% is the hardest. Any delay pushes back the revenue launch, and when you’re burning hundreds of millions a quarter, time is literally money.
Competition: Archer Aviation (ACHR) is breathing down their neck. While Joby has a higher valuation, Archer has huge backing from United Airlines and Stellantis. If Archer gets to market first in a major US city like New York or LA, Joby’s "first-mover" premium might shrink.
The Lawsuit: You might have missed this, but Joby actually sued Archer recently. They’re alleging a former employee took trade secrets over to the rival camp. These kinds of legal battles are expensive, distracting, and never a good sign for a clean stock rally.
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The Path Forward: What to Watch Next
If you’re holding JOBY or thinking about jumping in, don't just stare at the daily ticker. The number you see today—whether it's $15.30 or $15.50—is less important than the upcoming milestones.
Keep an eye on the eVTOL Integration Pilot Program (eIPP). This is a government-backed program starting this year that allows companies like Joby to actually fly "for revenue" in limited settings. The moment Joby collects its first dollar from a passenger in Dubai or New York, the stock's identity changes. It stops being a speculative "pre-revenue" tech play and becomes a transportation company.
Actionable Insights for Investors
- Watch the Cash Runway: Check their next earnings report for "Cash and Cash Equivalents." If that number is dropping too fast, expect another round of stock issuance (dilution).
- Monitor FAA Milestones: Any news regarding "Type Inspection Authorization" (TIA) is a green flag. It means the FAA is satisfied enough to let their own pilots test the planes.
- Diversify: Never bet the whole farm on a single eVTOL stock. This is a high-risk, high-reward sector.
The price of Joby stock today reflects a lot of hope and a fair bit of proof. Whether it can sustain this $14 billion valuation depends entirely on whether those S4 aircraft actually start picking up passengers at airports by the end of the year. It's a binary bet: either we’re about to see the birth of a new industry, or we’re watching a very expensive experiment.
Next Steps for You:
Check the specific "Total Cash" position in Joby's most recent SEC 10-K or 10-Q filing. This will tell you exactly how many months of "burn" they have left before they might need to dilute shareholders again. Additionally, track the progress of the Dubai vertiport construction; physical infrastructure completion is often a leading indicator of a successful commercial launch.