Joby Aviation Stock Is Down 54% This Year. Here's Why I'd Buy It Before 2027.

Joby Aviation, a U.S. company focused on developing electric vertical takeoff and landing (eVTOL) aircraft, has seen its stock price plummet 54% this year. Despite being one of the most expensive markets, Joby's stock has declined due to factors such as cash burn, dilution, rising operating expenses, uncertainty around FAA certification, and a high valuation. Inflation, rising bond yields, geopolitical turmoil, and an interest rate hike have also contributed to investor reluctance towards this speculative growth stock.

Joby Aviation is working on eVTOL aircraft aimed at shuttle passengers along heavily trafficked routes, targeting high-value markets like New York City. The company plans to start operations across 11 states in 2026 and aims to begin passenger flights as early as 2027. Joby's revenue is expected to reach $115 million to $125 million this year, mainly due to its acquisition of Blade Air Mobility and Resonant Sciences. Analysts anticipate a half-billion-dollar revenue base by 2028.

While some investors may find Joby Aviation uncomfortable due to its current cash burn and negative stock performance, those with a long-term perspective might consider investing now. The Motley Fool Stock Advisor team identified Joby Aviation among the 10 best stocks for investors to buy now, despite not including it in their recommendations. Historically, investing in the stocks from Stock Advisor has produced impressive returns, such as a $387,158 gain in Netflix and $1,365,749 in Nvidia investments.