{"id":242252,"date":"2026-05-24T08:59:25","date_gmt":"2026-05-24T08:59:25","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/242252\/"},"modified":"2026-05-24T08:59:25","modified_gmt":"2026-05-24T08:59:25","slug":"why-joby-aviation-joby-is-up-5-4-after-manhattan-evtol-demo-flights-and-faa-test-progress","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/242252\/","title":{"rendered":"Why Joby Aviation (JOBY) Is Up 5.4% After Manhattan eVTOL Demo Flights And FAA Test Progress"},"content":{"rendered":"<p> Joby Aviation recently completed FAA-conforming eVTOL test flights and high-profile demonstration flights over Manhattan, including a seven-minute hop between JFK Airport and midtown, underscoring progress toward future air taxi services. These advances, backed by partnerships with Uber, Delta and participation in the U.S. eVTOL Integration Pilot Program, highlight how Joby is building both aircraft and a route network platform for potential commercial deployment. We\u2019ll now examine how Joby\u2019s successful Manhattan demonstration flights and FAA-conforming aircraft progress influence the company\u2019s broader investment narrative. <\/p>\n<p>The best AI stocks today may lie beyond giants like Nvidia and Microsoft. Find the next big opportunity with these <a href=\"https:\/\/simplywall.st\/discover\/investing-ideas\/434414\/ai-penny-stocks\/global\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" data-vars-link-type=\"intro\" class=\"company-report-links\">13 smaller AI-focused companies with strong growth potential<\/a> through early-stage innovation in machine learning, automation, and data intelligence that could fund your retirement.<\/p>\n<p>Joby Aviation Investment Narrative Recap<\/p>\n<p>To own Joby Aviation, you have to believe eVTOLs can evolve from test flights to a scaled air taxi and defense platform, and that Joby can fund that journey despite ongoing losses. The key short term catalyst remains FAA Type Certification, which underpins any meaningful commercial launch. The recent Manhattan flights and FAA conforming aircraft are directly tied to that process, but they do not remove the core regulatory and execution risks around timing and cost.<\/p>\n<p>Among recent developments, Joby\u2019s start of flight testing with its first FAA conforming aircraft in Marina, California, is most relevant here. It links the New York demonstrations to the formal certification track that must be completed before regular services on routes like JFK to Manhattan, Dubai, or Blade\u2019s existing corridors can scale. For investors, this progress sits alongside Joby\u2019s ongoing high cash burn and premium valuation, which could matter if certification or commercialization take longer than hoped.<\/p>\n<p>Yet behind the sleek New York flyovers, investors should be aware of the unresolved questions around certification timing and how long Joby can fund&#8230;<\/p>\n<p><a href=\"https:\/\/simplywall.st\/community\/narratives\/us\/transportation\/nyse-joby\/joby-aviation\/sz12bikx-update-for-joby-aviation\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" data-vars-link-type=\"integrated-pitch\" class=\"company-report-links\">Read the full narrative on Joby Aviation (it&#8217;s free!)<\/a><\/p>\n<p>Joby Aviation&#8217;s narrative projects $440.9 million revenue and $31.3 million earnings by 2029. This requires 169.0% yearly revenue growth and an earnings increase of about $1.1 billion from current earnings of -$1.1 billion.<\/p>\n<p><a href=\"https:\/\/simplywall.st\/community\/narratives\/us\/transportation\/nyse-joby\/joby-aviation\/sz12bikx-update-for-joby-aviation\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" data-vars-link-type=\"integrated-pitch\" class=\"company-report-links\">Uncover how Joby Aviation&#8217;s forecasts yield a $12.14 fair value<\/a>, a 11% upside to its current price.<\/p>\n<p>Exploring Other Perspectives<a href=\"https:\/\/simplywall.st\/stocks\/us\/transportation\/nyse-joby\/joby-aviation\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" data-vars-link-type=\"infographic\" class=\"company-report-links\"><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2026\/05\/1779613165_146_quote-price.png\" loading=\"lazy\" alt=\"JOBY 1-Year Stock Price Chart\" width=\"746\" height=\"476\" class=\"sc-3204b94-0 iJdSPa\"\/><\/a>JOBY 1-Year Stock Price Chart <\/p>\n<p>Some analysts were much more optimistic, assuming revenue could reach about US$501,200,000 by 2028, while others worry that any slip in FAA certification timing could sharply alter those expectations, showing just how differently you can view the same New York flight news.<\/p>\n<p><a href=\"https:\/\/simplywall.st\/community\/narratives\/us\/transportation\/nyse-joby\/joby-aviation\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" data-vars-link-type=\"integrated-pitch\" class=\"company-report-links\">Explore 11 other fair value estimates on Joby Aviation<\/a> &#8211; why the stock might be worth less than half the current price!<\/p>\n<p>Reach Your Own Conclusion<\/p>\n<p>Don&#8217;t just follow the ticker &#8211; dig into the data and build a conviction that&#8217;s truly your own.<\/p>\n<p>Interested In Other Possibilities?<\/p>\n<p>Markets shift fast. These stocks won&#8217;t stay hidden for long. Get the list while it matters:<\/p>\n<p>Rare earth metals are an input to most high-tech devices, military and defence systems and electric vehicles. The global race is on to secure supply of these critical minerals. Beat the pack to uncover the <a href=\"https:\/\/simplywall.st\/discover\/investing-ideas\/434418\/rare-earth-metal-stocks\/global\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" data-vars-link-type=\"conclusion-grid\" class=\"company-report-links\">27 best rare earth metal stocks<\/a> of the very few that mine this essential strategic resource.The future of work is here. Discover the <a href=\"https:\/\/simplywall.st\/discover\/investing-ideas\/473746\/robotics-andamp-automation-stocks\/global\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" data-vars-link-type=\"conclusion-grid\" class=\"company-report-links\">35 top robotics and automation stocks<\/a> leading the charge in AI-driven automation and industrial transformation.Uncover the next big thing with <a href=\"https:\/\/simplywall.st\/discover\/investing-ideas\/472945\/elite-penny-stocks\/us\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" data-vars-link-type=\"conclusion-grid\" class=\"company-report-links\">25 elite penny stocks<\/a> that balance risk and reward. <\/p>\n<p> This article by Simply Wall St is general in nature. We provide commentary based on historical data<br \/>\n    and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your<br \/>\n    financial situation. We aim to bring you long-term focused analysis driven by fundamental data.<br \/>\n    Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.<br \/>\n    Simply Wall St has no position in any stocks mentioned.<\/p>\n<p>New: Manage All Your Stock Portfolios in One Place<\/p>\n<p>We&#8217;ve created the ultimate portfolio companion for stock investors, and it&#8217;s free.<\/p>\n<p>\u2022 Connect an unlimited number of Portfolios and see your total in one currency<br \/>\u2022 Be alerted to new Warning Signs or Risks via email or mobile<br \/>\u2022 Track the Fair Value of your stocks<\/p>\n<p><a href=\"https:\/\/simplywall.st\/features\/portfolio\" target=\"_blank\" class=\"sc-kuACkN kjLJKA !text-[--s-button-primary-color-text] !no-underline\" data-focus=\"dashed\" rel=\"nofollow noopener\">Try a Demo Portfolio for Free<\/a><\/p>\n<p class=\"sc-3204b94-2 cZQCtj\">Have feedback on this article? Concerned about the content? <a href=\"https:\/\/investor-research.typeform.com\/to\/wvg6MFri#feedback_token=NDU5NDkyMzo1OGVlZTBmNjIzM2ViMTA5&amp;company=NYSE:JOBY&amp;blueprintid=4594923\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Get in touch<\/a> with us directly. Alternatively, email <a href=\"https:\/\/simplywall.st\/stocks\/us\/transportation\/nyse-joby\/joby-aviation\/news\/mailto:editorial-team@simplywallst.com?subject=Re%3A%20Your%20article%20on%20NYSE%3AJOBY%20(news)%20from%2024th%20May%202026\" rel=\"nofollow noopener\" target=\"_blank\">editorial-team@simplywallst.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Joby Aviation recently completed FAA-conforming eVTOL test flights and high-profile demonstration flights over Manhattan, including a seven-minute hop&hellip;\n","protected":false},"author":2,"featured_media":242253,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[75,84,83,9,24,63],"class_list":["post-242252","post","type-post","status-publish","format-standard","has-post-thumbnail","category-manhattan","tag-manhattan","tag-manhattan-headlines","tag-manhattan-news","tag-new-york","tag-new-york-city","tag-nyc"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/242252","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=242252"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/242252\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/242253"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=242252"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=242252"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=242252"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}