AeroVironment (AVAV) Stock Up After Jim Cramer Said He Liked It

AeroVironment Inc. (NASDAQ:AVAV) is one of Jim Cramer’s Hottest Defense Technology Stock Picks.

AeroVironment Inc. (NASDAQ:AVAV) is a robotic systems company that operates in the defense industry through its drone business. Its shares are up by 55% over the past year and by 25% since Cramer discussed the firm on Mad Money. Its shares closed a whopping 21% higher on June 25th after the firm reported its fourth quarter earnings report. The results saw AeroVironment Inc. (NASDAQ:AVAV) post $275 million in revenue and $1.61 in profit per share to beat analyst estimates of $241 million and $1.39. The shares jumped by another 9% in October start, after the firm held its analyst day. More recently, AeroVironment Inc. (NASDAQ:AVAV)’s stock closed 4.3% higher earlier this month after Raymond James upgraded the firm to Market Perform from Underperform and pointed towards improved backlogs and a gap between expectations for the firm and its performance. Here’s what Cramer had said about AeroVironment Inc. (NASDAQ:AVAV) in January 2025:

“Oh boy, I really like it. It really is the solution, I think, in a lot of ways to a Pentagon budget that may be too bloated but needs to be more effective. I like AVAV and I gotta tell you, Wahid Nawabi, he’s been on the show and every time he’s been a star.”

While we acknowledge the risk and potential of AVAV as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AVAV and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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