Canaccord analyst Austin Moeller raised the firm’s price target on AeroVironment (AVAV) to $430 from $305 and keeps a Buy rating on the shares. The firm attended the company’s Investor Open House where management provided updated 2030 expectations of $75B in TAM opportunities across its product catalog. The focal point however was the LOCUST counter-UAS laser weapon demonstration to experience its rapid and precise air defense capabilities in combat.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AVAV:
- DASH, DE, BABA: Cathie Wood Loads Up on DoorDash, Deere & Alibaba, Trims Stakes in ADPT and Others
- Jefferies aerospace & defense analyst holds analyst/industry conference call
- AeroVironment price target raised to $415 from $300 at BTIG
- AeroVironment price target raised to $400 from $325 at Citizens JMP
- AeroVironment price target raised to $389 from $295 at Stifel