Barclays Downgrades Joby Aviation (NYSE:JOBY) Amid Market Share Concerns

Font: Financial Modeling Prep  • Oct 09, 2026

• Barclays downgraded Joby Aviation from Equal-Weight to Underweight, citing concerns over future market share in the electric aircraft sector.
• Following the downgrade, Joby Aviation's stock (JOBY) experienced a significant decline, falling 9% in early trading.
• The stock traded near its 52-week low, with its market capitalization at approximately $5.16 billion.

Barclays downgraded Joby Aviation (NYSE:JOBY) from Equal-Weight to Underweight, citing concerns about market share. Joby develops electric aircraft for short passenger trips. It operates in a field that includes Archer Aviation (NYSE:ACHR), which is also working on electric air taxis. Joby traded at $5.29 when the downgrade was posted.

An Underweight rating means Barclays expects Joby to perform worse than the stocks it compares it with. Equal-Weight means an analyst expects stock performance to be broadly in line with those stocks. The change puts Barclays’ concern about Joby’s future market share at the center of its call.

Joby shares fell 9% to $5.26 in early trading after the stock downgrade, as highlighted by 24/7 Wall Street. The stock later traded at $5.25, down 8.71%, or $0.50. Its trading range for the day was $5.23 to $5.80.

At $5.25, Joby was near the low end of its 52-week range of $5.23 to $18.77. Its market capitalization was approximately $5.16 billion, meaning that was the total market value of its shares. Trading volume was about 22.4 million shares.