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.”

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