Are Uber and Joby Aviation Stocks About to Take Off Based on Their Recent Announcement?

By Will Healy – Mar 4, 2026 at 4:53AM ESTKey PointsUber has already built an established rideshare booking business.Amid the deal, Joby can now generate revenue from offering rides.One of the investment cases for Uber Technologies (UBER +0.54%) involves its role as a booking platform for rides. It just announced a partnership with Joby Aviation (JOBY 5.01%) to launch an Uber Air taxi service in Dubai this year, taking it into the air taxi business. Knowing that, one might assume that both stocks are about to get a huge boost, but is that true? Let's take a closer look. Image source: Getty Images. Air taxis and Uber Uber has become famous for being the rideshare business that does not own a fleet of cars. Likewise, it will not own the electronic vertical takeoff and landing (eVTOL) air taxis offering the rides. However, Uber already operates established businesses in mobility (rideshare), delivery, and freight. In 2025, these three enterprises generated a combined $52 billion in revenue, up 18% year over year. Admittedly, investors should not expect much near-term revenue from this deal. Still, succeeding here could dispel doubts about its role as a booking platform in the robotaxi business, which partially explains the transportation stock's flat performance over the last year. ExpandNYSE: UBERUber TechnologiesToday's Change(0.54%) $0.41Current Price$76.36Key Data PointsMarket Cap$157BDay's Range$74.02 - $77.3152wk Range$60.63 - $101.99Volume18KAvg Vol21MGross Margin32.89% Additionally, it reported $10 billion in net income from its businesses. This is not significantly higher than the $9.9 billion in 2024, though, unlike 2024, Uber did not report earnings from its outside investments in its last year. Nonetheless, the aforementioned stock struggles have taken the stock's P/E ratio down to 16. That valuation could make Uber attractive as it fosters this emerging revenue source in air taxis. The partnership and Joby stock However, when comparing Uber stock to Joby's, investors have to remember that Joby is in a different stage of its development. It owns eVTOL air taxis that are going to provide the rides arranged by Uber. Still, investors have to remember that this is a new technology with few current customers. Despite some volatility in its stock, it rose by 58% over the last year. ExpandNYSE: JOBYJoby AviationToday's Change(-5.01%) $-0.52Current Price$9.76Key Data PointsMarket Cap$9.4BDay's Range$9.55 - $10.0552wk Range$4.96 - $20.95Volume12KAvg Vol26MGross Margin-3006.27% Additionally, after years of struggle, Joby finally earns revenue, unlike competitor Archer Aviation. Joby generated $53 million in revenue in 2025 ($31 million of which came in Q4), and that is up from just $136,000 in 2024. Still, the net loss of $930 million in 2025 shows it is a long way from profitability. Also, with $1.4 billion in liquidity, it may have to issue shares or debt to stay in business in the foreseeable future. Moreover, the lack of earnings leaves it without a P/E ratio. Also, its revenue is too modest to yield a meaningful price-to-sales (P/S) ratio, though the stock trades at around 10 times its book value, low enough to possibly attract investment. Will Uber and Joby stocks take off? Both Uber and Joby stocks could take off, though for different reasons. Uber is an established for-profit business. While it will not earn significant revenue from this partnership for some time, it could serve as a catalyst for the stock given its 14 P/E ratio. In contrast, Joby is a speculative stock at this stage. Thus, anyone who buys the dip on this stock will buy it because they believe in the long-term future of this business and because they are comfortable with short-term share price volatility. Although both stocks could take off, Uber is likely the safer buy.Read NextMar 3, 2026 •By David Jagielski, CPAJoby Aviation Stock: Should You Buy the Dip?Mar 3, 2026 •By John BromelsArcher Aviation vs. Joby Aviation: Which One Will Dominate the Next Decade?Feb 27, 2026 •By Lee SamahaBattle Royale: Joby Aviation vs. Boeing.

Only One Can Make You Rich.Feb 27, 2026 •By Leo SunThe eVTOL Era is Beginning With Uber and Joby Aviation. Here's Everything Investors Need to Know.Feb 26, 2026 •By Bram BerkowitzUber and Joby Aviation Just Confirmed That Air Taxis Will Launch in Dubai in 2026. Is Now the Time to Buy?Feb 26, 2026 •By Rich SmithWhy Joby Aviation Stock Floated Higher TodayAbout the AuthorWill Healy is a contributing Motley Fool stock market analyst covering technology and consumer goods industries.

Before The Motley Fool, Will was a freelance writer covering stocks and personal finance for MSN Money, Yahoo! Finance, and Nasdaq. Earlier in his career, he was an expert in geographic information systems, applying spatial and IT skills to perform RF and demographic analysis in the telecom industry. He holds a bachelor’s degree in journalism from Texas A&M University and an MBA in finance and strategy from the University of Texas at Dallas.TMFWillHealyX@HealyWritingStocks MentionedJoby AviationNYSE: JOBY$9.76(-5.01%)-$0.52Uber TechnologiesNYSE: UBER$76.36(+0.54%)+$0.41*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.