Citizens JMP raised the firm’s price target on AeroVironment (AVAV) to $400 from $325 and keeps an Outperform rating on the shares. AeroVironment, at its Investor Open House event, framed a $75B+ fiscal 2030 total addressable market opportunity with explicit compound annual growth rates for the first time, the analyst tells investors in a research note. The firm continues to like AeroVironment as an opportunity for long-term capital appreciation.
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