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
€162.65
-5.770%
With 60 Buy predictions and 1 Sell predictions Aerovironment is one of the favorites of our community.
As a result the target price of 267 € shows a very positive potential of 64.16% compared to the current price of 162.65 € for Aerovironment.
