Wall Street Analysts Bullish on AeroVironment, Inc. (AVAV), Project Significant Upside Potential

AeroVironment, Inc. (NASDAQ:AVAV) is among the 10 Best Drone Stocks to Buy Right Now. As of the close of business on November 26, Wall Street analysts have a consensus Buy rating on the stock. AeroVironment, Inc. (NASDAQ:AVAV) has a one-year average share price target of $404, representing a 44.70% upside potential from Wednesday’s close.

Wall Street Analysts Bullish on AeroVironment, Inc. (AVAV), Project Significant Upside Potential

On November 24, BTIG reiterated its Buy rating on the stock with a price target of $415.

BTIG’s update is a reaffirmation of its earlier adjustment to AVAV in early October, when it raised the price target to $415 from $300 while maintaining a Buy rating on the stock. The revision followed the research firm’s analyst, Andre Madrid, meeting with AeroVironment, Inc. (NASDAQ:AVAV)’s management during a site visit.

Madrid noted that the company was well-positioned to gain given the Trump administration’s focus on counter-drone technology, cybersecurity, and space. BTIG also highlighted the potential of several product lines at AeroVironment, Inc. (NASDAQ:AVAV), including BADGER and Switchblade, to generate well over a billion dollars in business.

In other related news, Piper Sandler initiated coverage of the stock with an Overweight rating and set a $391 price target.

AeroVironment, Inc. (NASDAQ:AVAV) designs and manufactures unmanned aerial vehicles, ground robot systems, and loitering munition systems. The stock has returned over 81% so far this year.

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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