Joby Aviation Shares Take Off on Middle East Progress

July 8 - Joby Aviation JOBY shares rose more than 5% Tuesday after Cantor Fitzgerald reaffirmed its Neutral rating and $9.00 price target, following the company's latest operational milestone in Dubai.

The stock, trading around $10.55, sits amid analyst forecasts ranging from $4 to $13, reflecting mixed sentiment on its near?term outlook. Joby's market value is roughly $8.88 billion.

In Dubai, the eVTOL maker completed a series of piloted vertical?takeoff?and?landing wingborne flights, marking a key step toward commercial readiness in the Middle East. These demonstrations underscore its progress in refining the aircraft's performance and safety ahead of revenue operations.

Company leadership says passenger services could kick off in 2026, a timetable that hinges on both regulatory approvals and infrastructure build?out. To that end, Joby plans to open its first commercial vertiport at Dubai International Airport in partnership with Skyports.

The vertiport facility is slated for completion by the first quarter of 2026, aligning with the projected launch window. The Dubai achievements highlight Joby's drive to capture a share of the emerging urban air mobility market.