AeroVironment (AVAV) Launches Mission Specialist Wraith

​AeroVironment, Inc. (NASDAQ:AVAV) is one of the Best Russell 2000 Stocks to Buy Right Now. On January 13, AeroVironment, Inc. (NASDAQ:AVAV) announced the launch of Mission Specialist Wraith, developed by its subsidiary VideoRay.

​Management noted that Mission Specialist Wraith is a compact unmanned underwater vehicle that targets demanding subsea missions. The vehicle is capable of complex missions, including inspections, defense operations, and scientific research. Moreover, the vehicle also stands out for its advanced maneuverability and robustness through features like Six-degree-of-freedom, high-thrust and control, and  payload flexibility.

​That said, Wall Street has a positive opinion on the stock. Recently, on January 8, Clarke Jeffries from Piper Sandler reiterated a Buy rating on AeroVironment, Inc. (NASDAQ:AVAV) with a $391 price target. Earlier on January 2, Andre Madrid from BTIG also reiterated a Buy rating on the stock with a $415 price target.

​AeroVironment, Inc. (NASDAQ:AVAV) develops, designs, and produces multi-domain robotic systems and associated services for government agencies and businesses. The company operates through the following business segments: UnCrewed Systems, Loitering Munitions Systems, and MacCready Work.

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