Joby Aviation Is Flying High on New Trump eVTOL Executive Order. Should You Buy JOBY Stock Now?

Joby Aviation (JOBY) shares are up more than 12% on Monday after President Donald Trump issued an executive order aimed at accelerating adoption of electric vertical takeoff and landing (eVTOL) technology. 

Investors are cheering JOBY shares this morning as the aforementioned mandate pushes for testing drones beyond the operator’s line of sight as well. 

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Including today’s gain, Joby Aviation stock is up some 90% versus its year-to-date low. 

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Why Is Trump’s Order Significant for JOBY Shares?

Trump’s executive order is a positive for JOBY stock as it promotes the commercial and military use of air taxis, which could fast-track regulatory support and open doors for federal contracts. 

The order also allows for “beyond visual line of sight” or BVLOS testing of drones – a significant step toward real-world deployment of autonomous or remotely operated aircraft. 

In short, the presidential directive signals his strong commitment to the eVTOL industry that may improve sentiment and position Joby Aviation shares for long-term growth. 

It’s a regulatory green light that will likely help JOBY go from prototype to profitable operations at an accelerated pace. 

Canaccord Says Joby Aviation Stock Has Upside to $12

Joby Aviation stock may be worth owning at current levels also because experts at Morgan Stanley forecast the air taxi market to eventually “exceed the size of today’s automotive market.”

Canaccord analysts also currently see JOBY shares as fairly valued at about $12 – a price objective that indicates potential upside of more than 30% from current levels. 

Toyota’s (TM) recent investment in the eVTOL stock and its team-up with Delta Air Lines (DAL) were among primary reasons the investment firm cited for its positive view. 

Joby Aviation is currently down some 12% versus its year-to-date high, which makes it a bit more attractive to own at current levels as well. 

Joby Aviation Remains a High-Risk Investment for 2025

Investors should note, however, that other Wall Street analysts are currently in strong disagreement with Canaccord Genuity on JOBY shares. 

Consensus rating on Joby Aviation stock sits at “Hold” only at the time of writing, with the mean target of $7.75 indicating potential downside of well over 15% from here.  

On the date of publication, Wajeeh Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.