Morgan Stanley has downgraded Joby Aviation from an over-weight to equal-weight rating, while cutting its price forecast from $10 to $7.
Various media reports highlight that this downgrade reflects the broader macroeconomic outlook, which suggests that recent trade policy developments could significantly hinder economic growth.
“The uncertainty regarding tariffs increases the risk of further disruption of an already vulnerable supply chain,” wrote Kristine Liwag, research analyst at Morgan Stanley.
Liwag reportedly emphasised that complex global supply chains in the aerospace sector are particularly exposed to macro shocks, reiterating Morgan Stanley's preference for aftermarket-focused companies.
As of April 14, 2025, Joby Aviation shares are priced at $5.93, marking a decline of roughly 1.66% from the previous close.
Related posts
Automatic leases aircraft to Titan Airways
11th July 2019