Cathie Wood Invests $16.5M in Joby and Archer — Which eVTOL Stock Does Wall Street Prefer?

ARK Invest founder Cathie Wood increased her exposure to the electric air-taxi sector this week, investing about $16.5 million in shares of Archer Aviation ACHR +0.60% ▲ and Joby Aviation JOBY +1.33% ▲ across her exchange-traded funds (ETFs). The purchases came shortly after both companies reported earnings and continue working toward launching commercial eVTOL air-taxi services as early as 2026.

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Wood Expands Bets on Air-Taxi Makers

Archer shares are down about 10% year-to-date. The company recently reported its fourth-quarter results, posting a loss of $0.26 per share, slightly wider than the $0.24 loss Wall Street expected. Following the earnings release, Cathie Wood purchased a total of 1,367,862 Archer shares worth about $9.21 million across Tuesday and Wednesday. Most of the buying occurred on Tuesday, when Wood acquired 947,943 shares valued at roughly $6.37 million after the stock fell 10.6% following the results. ARK added another 419,919 shares worth about $2.84 million on Wednesday, further increasing its position in the eVTOL company.

Meanwhile, Joby shares are down about 25% year-to-date. The company reported its latest earnings on February 25, posting a Q4 2025 loss of $0.14 per share, narrower than the $0.23 loss a year earlier. Following the results, Cathie Wood also accumulated Joby shares across two sessions. In total, ARK purchased 739,987 shares worth roughly $7.26 million, including 539,131 shares valued at about $5.26 million on Tuesday and another 200,856 shares worth nearly $2 million on Wednesday.

These back-to-back purchases suggest Wood remains confident in the long-term potential of electric vertical takeoff and landing (eVTOL) aircraft, an emerging sector aiming to launch commercial urban air taxi services later this decade.

Which eVTOL Stock Does Wall Street Prefer?

While Wood is buying both companies, analysts currently appear more bullish on Archer Aviation.

According to Wall Street consensus estimates, Archer carries a Moderate Buy rating with an average price target of $13.25, implying about 96% upside from current levels. Meanwhile, Joby holds a Hold consensus rating. The average stock price target for Joby is $13.25, suggesting a potential upside of 33.97% from the current level.

For investors, the key question is which company can secure regulatory approvals, scale manufacturing, and launch commercial operations faster, as this could determine the early leaders in the emerging eVTOL market.

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