5 Best Mid Cap Stocks to Buy with Highest Upside Potential

4. AeroVironment Inc. (NASDAQ:AVAV)

Average Upside Potential: 70.75%

AeroVironment Inc. (NASDAQ:AVAV) is one of the best mid cap stocks to buy with highest upside potential. On May 12, AeroVironment was awarded a three-year, $43 million contract by the Department of War’s (DoW) Test Resource Management Center/TRMC to integrate its PANTHER phased array antenna system onto SkyRange platforms. This initiative modernizes the nation’s weapons testing infrastructure by providing a mobile, rapidly deployable solution capable of tracking multiple targets simultaneously.

The PANTHER antenna features an all-digital, modular framework that supports autonomous operation and remote control. By using high-altitude, long-endurance unmanned aircraft under the SkyRange initiative, the system creates a flexible, airborne telemetry solution. This program also focuses on workforce development through a new certification program with Bismarck State College to train technicians for PANTHER maintenance.

AeroVironment Inc.’s (NASDAQ:AVAV) leadership emphasized that this contract supports national security by reducing technical risks and development costs. As the company continues to integrate PANTHER onto aerial platforms at GrandSKY in North Dakota, the project is expected to accelerate weapons development cycles and help the military address evolving global security threats.

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