AeroVironment price target raised to $200 from $185 at RBC Capital

RBC Capital analyst Ken Herbert raised the firm’s price target on AeroVironment to $200 from $185 and keeps an Outperform rating on the shares ahead of its Q4 results and investor day presentation this week. The focus heading into earnings will be on top-line growth, margin expansion, and the initial FY25 guidance, and the focus for the investor day will to be centered towards the evolving competitive landscape in loitering munitions and incremental commentary on contract awards and the mid-term total addressable market outlook and financial framework, the analyst tells investors in a research note.