Archer Aviation (ACHR) vs. Joby Aviation (JOBY): Which eVTOL Stock Looks Stronger after Earnings?

Two of the most closely watched eVTOL stocks, Archer Aviation ACHR +1.93% ▲ and Joby Aviation JOBY +2.77% ▲ , recently reported earnings — and the market reaction was very different. Joby shares rose after a revenue beat and a new Uber UBER -0.04% ▼ partnership reveal, while Archer declined following a wider loss and a weaker near-term outlook. So which air taxi stock looks stronger right now?

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Using TipRanks’ Stock Comparison Tool, we compared ACHR and JOBY across analyst ratings, price targets, and key financial metrics to see which offers more upside after earnings.

Is Archer Aviation Stock a Good Buy?

Archer Aviation shares are lower in early Tuesday trading after sliding about 6% in after-hours following fourth-quarter results. The company reported a Q4 loss of $0.26 per share, slightly wider than the $0.24 loss Wall Street expected, but improved from a $0.44 loss a year ago. Adjusted EBITDA loss also widened to $137.9 million from $94.8 million last year and came in above estimates. Revenue was about $300,000, as Archer remains largely pre-revenue for its core air taxi business.

Looking ahead, Archer expects a Q1 2026 adjusted EBITDA loss between $160 million and $180 million, well above analyst expectations of around $110 million. The wider-than-expected loss outlook appears to have weighed on the stock.

On the earnings call, management reiterated that commercial launch in the Middle East remains on track for 2026. The company also said certification from the FAA could be granted in the second half of 2026, potentially by year-end. Archer ended the quarter with roughly $2 billion in liquidity to fund certification, manufacturing, and early operations.

Turning to Wall Street, ACHR stock has a Moderate Buy consensus rating based on two Buys and one Hold assigned in the last three months. At $11.50, the average Archer stock price target implies a 52.93% upside potential.

Is Joby Aviation a Good Company to Invest In?

Joby Aviation JOBY +2.77% ▲ shares rose about 6% following its fourth-quarter results, as investors reacted positively to a strong earnings beat and a new Uber partnership announcement. The company reported a Q4 2025 loss of $0.14 per share, narrower than the $0.23 loss a year earlier. Revenue came in at $30.84 million, well above expectations of $16.18 million, reflecting progress in commercial partnerships and related services.

Looking ahead, management expects 2026 to mark a transition year as Joby shifts from flight testing to preparing for passenger operations. The company said it plans to carry its first passengers in Dubai later this year, pending local approval, and hopes to start early U.S. service after completing final certification with the Federal Aviation Administration.

On the earnings call, executives said the company is in the fourth stage of Federal Aviation Administration certification, with aircraft ready for inspection flights and over 50,000 test miles completed. Joby also showed how riders can book an air taxi through the Uber Technologies UBER -0.04% ▼ app. Management called 2026 a key year as it moves toward launch.

According to TipRanks, JOBY stock has received a Hold consensus rating, with two Buys, two Holds, and three Sells assigned in the last three months. The average stock price target for Joby is $13.25, suggesting a potential upside of 29.02% from the current level.

Conclusion

Based on TipRanks data, Archer offers the higher upside. It has a Moderate Buy rating and an average price target of $11.50, implying about 53% upside. In comparison, Joby holds a Hold rating, with an average price target of $13.25, suggesting around 29% upside.

Archer looks like the higher-upside play right now, but it comes with wider near-term losses and heavier spending. In comparison, Joby appears slightly further ahead on revenue and certification progress, but analysts remain more cautious on the stock.

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