5 Best Airport Stocks to Buy According to Hedge Funds

​3. Joby Aviation, Inc. (NYSE:JOBY)

Number of Hedge Fund Holders: 30

Joby Aviation, Inc. (NYSE:JOBY) is one of the Best Airport Stocks to Buy According to Hedge Funds. On May 7, Canaccord analyst Austin Moeller lowered the firm’s price target on Joby Aviation, Inc. (NYSE:JOBY) from $15.5 to $11.5 and maintained a Hold rating on the shares.

The rating comes after the company reported its fiscal Q1 2026 earnings on May 5. The company reported Q1 2026 revenue of $24 million, surpassing the forecasts of $20.2 million. Management noted that the operating loss continues due to the company’s strategic investments. Moreover, the revenue decline from Q4 2025 was attributed to the lack of one-time revenues from previous flight demonstrations in Japan.

​Notably, Joby ended the quarter with a strong cash position of $2.5 billion, and management expects full-year revenue between $105 million and $115 million, representing projected growth of over 100% year-over-year.

Canaccord analyst Austin Moeller noted that the reduced price target reflects a model update following Q1 results. The analyst highlighted that management reaffirmed both its 2026 revenue guidance and its first-half cash usage guidance, which provides a long runway before any need to raise additional funds. Canaccord also acknowledged continued progress in the FAA certification process, specifically within the Testing and Analysis stage.

Joby Aviation Inc. (NYSE:JOBY) conducts studies on electric vertical takeoff and landing aircraft. It is also involved in their production, evaluation, and sales around the world. It offers several services to its customers, which include facilitation of passenger transportation, providing flight services to the government, and more.