I also remain invested.
Citizens raises target price for AeroVironment shares from 325 to 400 US dollars
In analyst reports, Stifel raised its price target on AeroVironment from $295 to $389 and maintained a Buy rating on the stock after participating in a demonstration of the company's energy weapon. Meanwhile, Cantor Fitzgerald reiterated its Overweight rating on AeroVironment with a price target of $335, expressing confidence in the company's growth potential. These developments come as AeroVironment continues to demonstrate its technical capabilities and sign strategic contracts
Investing.com - BTIG raised its price target on AeroVironment (NASDAQ:AVAV) to $415.00 from $300.00 on Friday and maintained a Buy rating following a visit to the company's Albuquerque, New Mexico site. The stock, which has risen over 200% in the last six months and is currently trading near its 52-week high of $363.77, has caught the attention of analysts. According to data from InvestingPro, the company has a market capitalization of almost USD 18 billion.
The research firm toured a former BlueHalo campus that houses several product lines, including BADGER, Laser Communications and LOCUST, all part of AeroVironment's Space, Cyber & Directed Energy (SCDE) segment.
BTIG noted that the visit reaffirmed its optimistic view of the SCDE segment. The company believes that this segment continues to align well with the government's current priorities in the areas of combat unmanned aerial systems (C-UAS), space technology and cyber capabilities.
The significant increase in the price target represents a 38% increase from the previous target of $300 and reflects BTIG's growing confidence in AeroVironment's strategic positioning in these areas of defense technology.
The firm reiterated its Buy rating on AeroVironment shares, highlighting the positive outlook for the company's specialized defense and aerospace technologies.
