AeroVironment, Inc. (AVAV) a Strong Buy, Wall Street Projects 65% Upside

AeroVironment, Inc. (NASDAQ:AVAV) is among the 10 best American defense stocks to buy according to Wall Street analysts.

Based on the recommendation from 13 analysts, the stock is a Strong Buy with a one-year average share price target of $390.75, representing an upside of nearly 65% as of February 5.

On January 30, Needham analyst Austin Bohlig maintained a Buy rating on the stock with a price target of $450. This is a reaffirmation of the firm’s earlier update in December.

This follows KeyBanc’s adjustment on AeroVironment, Inc. (NASDAQ:AVAV) earlier in the week on January 28, when the firm lifted its price target on the stock to $330 from $285, while keeping an Overweight rating.

KeyBanc anticipates a promising macro environment for space and defense stocks with potential for substantial growth in 2026. According to TipRanks, the firm also hinted at the possibility of re-rating several stocks in the sector ahead.

In other news, on January 28, the company announced it had secured a $75 million task order from the U.S. Air Force to develop next-generation biotechnology and materials science. The award highlights AVAV’s growing role in defense modernization.

AeroVironment, Inc. (NASDAQ:AVAV) designs and manufactures unmanned aerial vehicles, ground robot systems, and loitering munition systems.

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Disclosure: None.