Joby Aviation's stock is dropping on Friday after bad news from a broker and a costly legal loss.

Oct 9, 2026, 12:23 PM ETRulesRead the original at Benzinga

Bad for JOBY

Joby faces a nearly $116.9 million jury award after findings of a broken confidentiality deal and trade-secret misuse. Joby disputes the verdict and plans appeals, but the jury rejected its countersuit, and Barclays also lowered its rating and stock forecast.

JOBY · Joby Aviation Inc

AI read · Bad for JOBY

The AI's read

The jury's finding could leave Joby facing a large payment and raises concerns about its handling of another company's confidential probe technology. The jury also rejected Joby's claim that Aerosonic sold defective probes. Joby says it will challenge the result, but Barclays also lowered its rating and stock forecast. The appeal plans may change the outcome, but they do not erase the jury's finding today.

Get alerts for JOBY

Follow Joby Aviation Inc (JOBY) free. When we publish a story about it, you get the plain-English explanation as an alert.

Get alerts for JOBY

Free on the App Store and Google Play, or on the web.