Wall Street Analysts Bullish on AeroVironment, Inc. (AVAV), Project Significant Upside Potential

AeroVironment, Inc. (NASDAQ:AVAV) is among the 10 Best Drone Stocks to Buy Right Now. As of the close of business on November 26, Wall Street analysts have a consensus Buy rating on the stock. AeroVironment, Inc. (NASDAQ:AVAV) has a one-year average share price target of $404, representing a 44.70% upside potential from Wednesday’s close.

On November 24, BTIG reiterated its Buy rating on the stock with a price target of $415.

BTIG’s update is a reaffirmation of its earlier adjustment to AVAV in early October, when it raised the price target to $415 from $300 while maintaining a Buy rating on the stock. The revision followed the research firm’s analyst, Andre Madrid, meeting with AeroVironment, Inc. (NASDAQ:AVAV)’s management during a site visit.

Madrid noted that the company was well-positioned to gain given the Trump administration’s focus on counter-drone technology, cybersecurity, and space. BTIG also highlighted the potential of several product lines at AeroVironment, Inc. (NASDAQ:AVAV), including BADGER and Switchblade, to generate well over a billion dollars in business.

In other related news, Piper Sandler initiated coverage of the stock with an Overweight rating and set a $391 price target.

AeroVironment, Inc. (NASDAQ:AVAV) designs and manufactures unmanned aerial vehicles, ground robot systems, and loitering munition systems. The stock has returned over 81% so far this year.

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