Why AeroVironment Stock Jumped 18% in October
Shares of AeroVironment (NASDAQ: AVAV), the maker of drones for military and commercial use, were moving higher last month on a positive analyst response to its investor open house at the end of September and after the company signed a major contract with the U.S. Air Force.
A round of applause from Wall Street followed the open house and the Air Force announcement, with several analysts raising their price targets on the drone stock.
The company also launched a new electric vertical takeoff and landing (eVTOL) platform, but fell after comments from Treasury Secretary Scott Bessent about defense companies investing more in their businesses and accelerating deliveries.
Source Fool.com
Aerovironment Stock
€203.60
-0.050%
The stock is an absolute favorite of our community with 44 Buy predictions and no Sell predictions.
With a target price of 280 € there is a positive potential of 37.52% for Aerovironment compared to the current price of 203.6 €.
