Wall Street Firms Cut AIRO Group Holdings, Inc. (AIRO) Price Target But Affirm Long-Term Prospects

AIRO Group Holdings Inc. (NASDAQ:AIRO) is one of the best aerospace and defense stocks to buy according to Wall Street analysts. Colin Canfield of Cantor Fitzgerald reaffirmed his Buy rating on AIRO Group Holdings Inc. (NASDAQ:AIRO) on December 11, keeping his $20 price target unchanged.

On November 24, BTIG analyst Andre Madrid lowered the price target on the stock to $19 from $26 while reiterating a Buy rating. The cut is in response to disappointing third-quarter results, in which sales dropped to $6.3 million from $23.7 million in the same quarter a year ago.

Meanwhile, on November 21, Cantor Fitzgerald reiterated its overweight rating on AIRO Group but cut the price target to $20 from $30. While the research firm cut the price target over concerns that third-quarter results disappointed, it maintains the company represents significant value as a key drone supplier in the US and the European Union.

A point of concern is that the company’s increased focus and concentration on drone revenue, which represents 80% of 2025 sales, creates inherent quarterly volatility. Nevertheless, the research firm has echoed the company’s solid gross profit margins that stand at 63.78%. Cantor Fitzgerald expects the company to address radio-related supply chain challenges by sourcing from multiple suppliers while receiving priority as a national security provider.

AIRO Group Holdings, Inc. (NASDAQ:AIRO) is a next-generation aerospace and advanced air mobility company focused on defense and commercial markets, operating through four segments: Drones (developing and selling unmanned systems), Avionics (creating flight technology for various aircraft), Training (providing military pilot and commercial flight training), and Electric Air Mobility (developing eVTOLs for cargo and passengers).

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Disclosure: None. This article is originally published at Insider Monkey.