Cathie Wood Is Doubling Down on Joby Aviation Stock. Is JOBY a Buy for March 2026?

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The electric vertical take-off and landing (eVTOL) developer recently priced a roughly $1.2 billion mix of common stock and convertible notes to fund certification efforts and scale production.However, the weakness has not gone unnoticed. ARK Invest (ARKK), led by Cathie Wood, adjusted positions across its exchange-traded funds last week and added over 27,000 shares of Joby Aviation.What Options Traders Expect from Micron Stock After Earnings on March 18This Dividend King With a 54-Year Dividend Streak Is Down 13% YTD. Time to Buy the Dip?As Oracle Reveals Higher Restructuring Costs, Should You Still Buy ORCL Stock or Stay Far Away?Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now!Wood has long backed the broader theme of flying cars and advanced air mobility, consistently allocating capital toward disruptive transportation technologies such as electric aviation, autonomous systems, and urban air mobility platforms. The timing also aligns with improving regulatory visibility.Recently, Joby secured a place in a White House-backed pilot program designed to fast-track electric air taxi operations across 10 states. The Department of Transportation’s initiative could allow early commercial flights ahead of full Federal Aviation Administration (FAA) certification, opening initial pathways across urban transport and emergency medical services.With fresh capital in place, institutional support holding steady, and regulatory pathways beginning to open, the broader narrative is starting to come together.Headquartered in Santa Cruz, California, Joby Aviation is at the intersection of aviation and clean technology. The company develops eVTOL aircraft aimed at reshaping urban mobility.With a market cap of about $9 billion, it focuses on designing, manufacturing, and eventually operating quiet, zero-emission air taxis through integrated ride-sharing ecosystems and strategic partnerships.The stock tells a two-sided story. Joby’s shares have declined 26.3% over the past three months, reflecting dilution concerns and capital intensity. Yet, zooming out, it has gained 51.24% over the past year, suggesting that long-term investors still see the runway ahead.www.barchart.comValuation remains a sticking point. JOBY stock is trading at 85.16 times sales, a figure sitting far above the industry benchmark, signaling a premium.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoTrending tickersBTC-USD Bitcoin USD 70,736.02 -3,344.66 (-4.51%)CVNA Carvana Co. 291.17 -23.57 (-7.49%)LNG Cheniere Energy, Inc. 266.22 +14.72 (+5.85%)FIG Figma, Inc. 25.26 -2.19 (-7.98%)MU Micron Technology, Inc. 461.73 +0.04 (+0.01%)PortfolioSign in to access your portfolioSign inTop gainersRGC Regencell Bioscience Holdings Limited 26.38 +3.41 (+14.85%)VG Venture Global, Inc. 14.85 +1.88 (+14.50%)ANDG Andersen Group Inc. 28.27 +3.38 (+13.58%)HTFL Heartflow, Inc. 25.47 +2.95 (+13.10%)KC Kingsoft Cloud Holdings Limited 14.78 +1.66 (+12.65%)Top losersSAIL SailPoint, Inc. 12.47 -2.24 (-15.23%)BGSI Boyd Group Services Inc. 140.27 -21.35 (-13.21%)SA Seabridge Gold Inc. 27.01 -3.84 (-12.45%)NG NovaGold Resources Inc. 8.55 -1.19 (-12.22%)RKLB Rocket Lab Corporation 69.48 -9.11 (-11.59%)Most activeNVDA NVIDIA Corporation 180.40 -1.53 (-0.84%)PLUG Plug Power Inc. 2.3200 -0.0100 (-0.43%)ONDS Ondas Inc. 10.83 -0.45 (-3.99%)SOFI SoFi Technologies, Inc. 17.18 -0.19 (-1.09%)AAL American Airlines Group Inc. 10.80 -0.06 (-0.55%)Top economic eventsEarnings eventsMy earnings eventsEarnings events