Motley Fool: Joby is $10 eVTOL stock with 'explosive potential'

Investors should take a look at shares of air taxi developer Joby Aviation, argues Steven Porrello, a Motley Fool contributor. The startup, whose stock trades below $10 per share, is already among the leaders in the nascent electric vertical takeoff and landing (eVTOL) aircraft market. Over the longer term, the stock could deliver significant gains, Porrello says.

Joby Aviation shares, currently priced below $10 apiece, could attract investors seeking high-growth opportunities, Porrello writes. He describes the company as a frontrunner in the emerging air taxi market for eVTOL aircraft – a sector JPMorgan estimates could grow into a $1 trillion industry by 2040.

At the same time, Porrello cautions that Joby stock comes with risks, with flight safety "topping the list," and that it will likely be volatile in the near term. Investors, however, who are looking for a stock with explosive potential will want to watch this stock closely.

For now, Joby’s financial results are modest, Porrello notes. For 2025, the company reported revenue of $53.4 million, the figure increasing almost 393 times versus the previous year. The startup is not yet operating commercial passenger flights, Porrello writes, though that could change as early as this year. Joby’s aircraft are currently in the final stages of certification by U.S. regulators.

The company also plans to launch flights in Dubai this year and continue preparations for the White House-backed eVTOL Integration Pilot Program in the U.S., Joby said. Aircraft participating in the initiative could begin operating in selected markets before full certification is achieved, Freedom Broker noted in a trade idea.

Wall Street analysts expect Joby’s revenue to increase 8.7 times to $465.6 million within two years after commercial operations begin, Porrello writes.

Another priority for the company is expanding its production capacity. To that end, Joby acquired a manufacturing facility in Detroit in January. The plant became the company’s third production site and will help it double aircraft output to four units per month by 2027, according to a company press release.

In trading on Monday, Joby shares slipped just over 1% amid a broader market selloff triggered by escalating tensions in the Middle East and the resulting rise in oil prices. In the last 12 months, Joby stock has gained almost 44%, though it has declined more than 27% year to date.

Wall Street remains cautious on the stock's outlook. Joby currently carries four “hold” ratings, three “buy” ratings, and three “sell” ratings. The average target price stands at $12.80 per share, implying roughly 34% upside from the previous close.