Joby Aviation stock could nearly double if FAA certification is achieved, despite recent price lows.

Joby Aviation's stock is at a 52-week low of $5.23 despite beating revenue estimates and starting flights in Texas. The key factor for a potential near doubling to a $10.45 price target is obtaining FAA type certification, which would allow Joby to transition from testing to revenue-generating air taxi operations. The company has made significant progress on certification stages and secured a manufacturing deal with Toyota, but investors remain cautious due to ongoing losses and dilution risks. If certification delays occur, the stock could fall toward its book value of $1.79 per share, but successful certification and production ramp-up could drive substantial gains through 2030.

Joby Aviation's stock at a 52-week low contrasts with Archer Aviation (ACHR) on Pluang, which trades near its 52-week low of USD 4.44 at USD 4.67 as of Oct 13, 2026 18:41 WIB, showing a slight 1-day decline of 0.43%. Meanwhile, Toyota Motor Corp (TM), a key partner for Joby, is trading well below its 52-week high at USD 188.57 with a positive 1-day change of 2.08%. This mix of performance highlights the varied investor sentiment in the advanced air mobility and automotive sectors right now on Pluang.