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Joby Aviation Partners with Abdul Latif Jameel for Saudi Electric Aircraft

Story Highlights
  • Joby Aviation and Abdul Latif Jameel plan to explore electric aircraft distribution in Saudi Arabia.
  • The partnership could deliver up to 200 aircraft, supporting Saudi Arabia’s Vision 2030.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Joby Aviation Partners with Abdul Latif Jameel for Saudi Electric Aircraft

Meet Your ETF AI Analyst

Joby Aviation ( (JOBY) ) has issued an announcement.

On June 3, 2025, Joby Aviation and Abdul Latif Jameel announced a Memorandum of Understanding to explore opportunities for electric aircraft distribution in Saudi Arabia. This partnership, aligned with Saudi Arabia’s Vision 2030, could lead to the delivery of up to 200 electric aircraft valued at approximately $1 billion, aiming to enhance the Kingdom’s mobility sector and create socio-economic growth.

The most recent analyst rating on (JOBY) stock is a Buy with a $9.00 price target. To see the full list of analyst forecasts on Joby Aviation stock, see the JOBY Stock Forecast page.

Spark’s Take on JOBY Stock

According to Spark, TipRanks’ AI Analyst, JOBY is a Neutral.

Joby Aviation’s overall stock score reflects significant financial challenges, with persistent losses and reliance on external financing weighing heavily on the score. While the company shows technical strength through recent upward momentum and positive strategic developments, valuation concerns and mixed earnings call sentiment highlight the risks. Progress in certification and partnerships are positive, but financial sustainability remains a critical concern.

To see Spark’s full report on JOBY stock, click here.

More about Joby Aviation

Joby Aviation, Inc. is a California-based transportation company focused on developing all-electric, vertical take-off and landing air taxis for commercial passenger service. The company aims to offer fast, quiet, and convenient urban air mobility solutions globally.

Average Trading Volume: 13,792,462

Technical Sentiment Signal: Buy

Current Market Cap: $5.94B

See more data about JOBY stock on TipRanks’ Stock Analysis page.

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