<div id="readability-page-1"><p><strong>Joby Aviation</strong> (JOBY), the electric air taxi company, fell more than 10% in after-hours trading on Wednesday after announcing plans to raise fresh capital.</p><h3>Claim 50% Off TipRanks Premium</h3><ul><li>Unlock  hedge fund-level data  and  powerful investing tools  for smarter, sharper decisions  </li><li> Stay ahead of the market with  the latest news and analysis  and maximize your portfolio's potential</li></ul> <p>The company said it aims to raise about $1 billion through a sale of common stock and convertible senior notes due 2032. The secondary stock offering is expected to be priced between $11.35 and $11.75 per share. Joby said the funds will be used to support aircraft certification, production work, and long-term growth plans.</p> <p>The announcement pushed the stock lower as investors reacted to dilution risk tied to the new share issuance.</p> <h2><strong>Why Investors Reacted Negatively</strong></h2> <p>Stock offerings often pressure shares because they increase the total share count, which can lower the value of existing holdings. For early-stage companies like Joby, which are still investing heavily ahead of commercial launches, dilution worries tend to surface quickly.</p> <p>While the added cash strengthens Joby's balance sheet and supports its long-term goals, the size and timing of the raise triggered a sharp near-term selloff.</p> <h2><strong>What Investors Should Look For Next</strong></h2> <p>Joby has been an active name in the eVTOL space. The stock has gained 60.5% over the past year, helped by progress toward certification and growing interest in air taxi services.</p> <p>The key focus now is how Joby uses the new capital. Investors will watch for updates on FAA certification, production timelines, and testing progress, along with any news on partnerships and planned service launches.</p> <h2><strong>Is Joby Aviation Stock a Good Buy?</strong></h2> <p>The Street analysts are relatively optimistic about the company's prospects. Based on six recent ratings, Joby Aviation boasts a &#34;Hold&#34; consensus with an average JOBY stock price target of $15.67. This implies a 17.20% upside from the current price.</p></div>

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<p>Joby Aviation (JOBY) shares dropped over 10% in after-hours trading following the announcement of a plan to raise approximately $1 billion through a secondary stock offering. The offering, priced between $11.35 and $11.75 per share, raised concerns about dilution among investors. Despite this, analysts maintain a "Hold" consensus on the stock, with a target price of $15.67, indicating a potential upside of 17.20%. Investors are now focused on how Joby will utilize the new capital for aircraft certification and production.</p>

Why Is Joby Aviation Stock (JOBY) Down Over 10% Today?